The 'G20' comprises how many members? MCQ with Answer and Explanation

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The 'G20' comprises how many members?

A. 20 countries

B. 24 countries

C. 22 countries

D. 19 countries plus EU

Answer: Option D

Solution (By JKSSB Mock Tests)

G20 comprises 19 countries and the European Union.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' on precious stones is:

A. 0.25%

B. 12%

C. 5%

D. 3%

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Correct Answer: Option A

Explanation:
Precious stones attract 0.25% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The term 'Primary Deficit' is defined as:

A. Fiscal deficit minus interest payments

B. Budget deficit minus interest payments

C. Revenue deficit minus interest payments

D. Fiscal deficit plus interest payments

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Correct Answer: Option A

Explanation:
Primary deficit = Fiscal deficit − Interest payments. It indicates the borrowing requirement of the government excluding interest payments on previous borrowings.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on services provided by SEBI is:

A. 0%

B. exempt

C. 5%

D. 18%

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Correct Answer: Option B

Explanation:
SEBI services are exempt from GST.

This question belongs to: Economy GK Economy Set 1

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