The 'Employees' State Insurance Act' was enacted in which year? MCQ with Answer and Explanation

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The 'Employees' State Insurance Act' was enacted in which year?

A. 1948

B. 1952

C. 1950

D. 1947

Answer: Option A

Solution (By JKSSB Mock Tests)

Employees' State Insurance Act was enacted in 1948.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' on toll charges is:

A. exempt

B. 0%

C. 5%

D. 18%

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Correct Answer: Option A

Explanation:
Toll charges are exempt from GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on butter and ghee is:

A. 5%

B. 12%

C. 18%

D. 28%

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Correct Answer: Option B

Explanation:
Butter and ghee attract 12% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on intellectual property rights services is:

A. 12%

B. 18%

C. 5%

D. 28%

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Correct Answer: Option B

Explanation:
IPR services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

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