The 'e-Way Bill' is generated on the GST portal for movement of goods whose consignment value exceeds: MCQ with Answer and Explanation

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The 'e-Way Bill' is generated on the GST portal for movement of goods whose consignment value exceeds:

A. Rs 25,000

B. Rs 50,000

C. Rs 5 lakh

D. Rs 1 lakh

Answer: Option B

Solution (By JKSSB Mock Tests)

E-way bill is required for goods movement valued above Rs 50,000.

This question belongs to: Economy GK Economy Set 1

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Question #1

The concept of 'Opportunity Cost' is best defined as:

A. The cost of producing one more unit of a commodity

B. The difference between total revenue and total cost

C. The value of the next best alternative forgone

D. The total cost incurred in production

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Correct Answer: Option C

Explanation:
Opportunity cost refers to the value of the next best alternative that is sacrificed when a choice is made. It is a fundamental concept in economics.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'General Agreement on Trade in Services' came into force in which year?

A. 2000

B. 1994

C. 1995

D. 2005

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Correct Answer: Option C

Explanation:
GATS came into force in 1995 as part of WTO agreements.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Multidimensional Poverty Index' was developed by:

A. IMF

B. UNDP and Oxford Poverty and Human Development Initiative

C. World Bank

D. UNESCO

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Correct Answer: Option B

Explanation:
MPI was developed by UNDP and the Oxford Poverty and Human Development Initiative.

This question belongs to: Economy GK Economy Set 1

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