The 'General Agreement on Tariffs and Trade' was signed in which year? MCQ with Answer and Explanation

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The 'General Agreement on Tariffs and Trade' was signed in which year?

A. 1995

B. 1955

C. 1947

D. 1944

Answer: Option C

Solution (By JKSSB Mock Tests)

GATT was signed in 1947 and came into force in 1948.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' on cloud services is:

A. 12%

B. 28%

C. 5%

D. 18%

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Correct Answer: Option D

Explanation:
Cloud services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'life-cycle hypothesis' of consumption was proposed by:

A. Milton Friedman

B. Paul Samuelson

C. Irving Fisher

D. Franco Modigliani

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Correct Answer: Option D

Explanation:
The life-cycle hypothesis was developed by Franco Modigliani and others.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Atal Innovation Mission' is part of:

A. Ministry of Finance

B. SEBI

C. Make in India

D. NITI Aayog

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Correct Answer: Option D

Explanation:
Atal Innovation Mission is a NITI Aayog initiative.

This question belongs to: Economy GK Economy Set 1

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