The 'Equalization Levy' in India is imposed on: MCQ with Answer and Explanation

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The 'Equalization Levy' in India is imposed on:

A. all imports

B. exports

C. agricultural income

D. digital transactions and online advertising services

Answer: Option D

Solution (By JKSSB Mock Tests)

Equalization Levy is imposed on specified digital transactions and online advertising services.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Global Competitiveness Report' is published by:

A. UNCTAD

B. World Economic Forum

C. IMF

D. World Bank

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Correct Answer: Option B

Explanation:
The Global Competitiveness Report is published by the World Economic Forum.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Trade-Related Investment Measures' agreement under WTO deals with:

A. intellectual property

B. investment measures that affect trade

C. banking

D. agriculture

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Correct Answer: Option B

Explanation:
TRIMs deals with investment measures that distort trade.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is NOT a measure to control inflation?

A. Increase in CRR

B. Increase in government expenditure

C. Increase in bank rate

D. Open market sale of securities

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Correct Answer: Option B

Explanation:
Increase in government expenditure would increase aggregate demand and potentially worsen inflation. The other measures reduce money supply or credit and help control inflation.

This question belongs to: Economy GK Economy Set 1

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