The 'Equal Remuneration Act' was enacted in India in which year? MCQ with Answer and Explanation

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The 'Equal Remuneration Act' was enacted in India in which year?

A. 1986

B. 1970

C. 1980

D. 1976

Answer: Option D

Solution (By JKSSB Mock Tests)

The Equal Remuneration Act was enacted in 1976.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' on travel agency services is:

A. 5%

B. 28%

C. 18%

D. 12%

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Correct Answer: Option C

Explanation:
Travel agency services attract 18% GST, unless they opt for the 5% without ITC tour operator scheme.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'National Development Council' was constituted in which year?

A. 1950

B. 1969

C. 1956

D. 1952

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Correct Answer: Option D

Explanation:
The National Development Council was constituted in 1952.

This question belongs to: Economy GK Economy Set 1

Question #3

If demand for a good is perfectly inelastic, a tax on the good will be borne:

A. entirely by sellers

B. equally by buyers and sellers

C. by the government

D. entirely by buyers

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Correct Answer: Option D

Explanation:
With perfectly inelastic demand, buyers bear the entire tax burden because quantity demanded does not change.

This question belongs to: Economy GK Economy Set 1

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