The 'General Agreement on Trade in Services' is part of: MCQ with Answer and Explanation

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The 'General Agreement on Trade in Services' is part of:

A. World Bank

B. IMF

C. WTO

D. UNCTAD

Answer: Option C

Solution (By JKSSB Mock Tests)

GATS is a WTO agreement covering trade in services.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Governing Council' of NITI Aayog includes:

A. only finance secretaries

B. only RBI Governor

C. Chief Ministers and Lieutenant Governors

D. only central ministers

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Correct Answer: Option C

Explanation:
The Governing Council includes Chief Ministers and Lieutenant Governors along with the Prime Minister and central ministers.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on real estate under-construction commercial property is:

A. 18%

B. 28%

C. 12%

D. 5%

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Correct Answer: Option C

Explanation:
Commercial under-construction property attracts 12% GST with ITC.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'currency futures' are standardized contracts to exchange currencies at a future date and are traded on:

A. over-the-counter only

B. stock exchanges

C. commercial banks only

D. RBI only

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Correct Answer: Option B

Explanation:
Currency futures are exchange-traded standardized contracts.

This question belongs to: Economy GK Economy Set 1

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