The e-way bill under GST is required for the movement of goods with a value exceeding: MCQ with Answer and Explanation

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The e-way bill under GST is required for the movement of goods with a value exceeding:

A. Rs 2,00,000

B. Rs 1,00,000

C. Rs 50,000

D. Rs 10,000

Answer: Option C

Solution (By JKSSB Mock Tests)

An e-way bill is required for movement of goods valued above Rs 50,000.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'one rupee note' in India is issued by:

A. SEBI

B. RBI

C. SBI

D. Ministry of Finance, Government of India

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Correct Answer: Option D

Explanation:
The one rupee note is issued by the Government of India, not RBI.

This question belongs to: Economy GK Economy Set 1

Question #2

The term 'Managed Floating' exchange rate system means that:

A. The exchange rate is largely market-determined with occasional central bank intervention

B. There is no role whatsoever for the central bank

C. The exchange rate is rigidly fixed by the government

D. The exchange rate is fixed in terms of gold only

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Correct Answer: Option A

Explanation:
Under a managed float, the exchange rate is primarily determined by market forces, but the central bank intervenes from time to time to prevent excessive volatility or disorderly movements.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'National Stock Exchange' was established in:

A. 2000

B. 1875

C. 1992

D. 1995

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Correct Answer: Option C

Explanation:
NSE was established in 1992.

This question belongs to: Economy GK Economy Set 1

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