The 'General Agreement on Trade in Services' came into force in which year? MCQ with Answer and Explanation

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The 'General Agreement on Trade in Services' came into force in which year?

A. 1995

B. 1994

C. 2000

D. 2005

Answer: Option A

Solution (By JKSSB Mock Tests)

GATS came into force in 1995 as part of WTO agreements.

This question belongs to: Economy GK Economy Set 1

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Question #1

A cess imposed by the Union Government is levied:

A. for a specific purpose

B. only on income

C. only on luxury goods

D. only on imports

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Correct Answer: Option A

Explanation:
A cess is levied for a specific purpose and must be used for that purpose.

This question belongs to: Economy GK Economy Set 1

Question #2

The Rostow stages of growth model lists which of the following as the first stage?

A. Take-off

B. Drive to maturity

C. Traditional society

D. Age of high mass consumption

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Correct Answer: Option C

Explanation:
Rostow's first stage is traditional society, followed by preconditions for take-off, take-off, etc.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'KUSUM' scheme aims to promote:

A. nuclear power

B. solar power in agriculture

C. biogas in urban areas

D. wind energy in industries

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Correct Answer: Option B

Explanation:
PM-KUSUM promotes solar power in agriculture including solar pumps and grid-connected solar plants.

This question belongs to: Economy GK Economy Set 1

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