The 'Gift City' in Gujarat is an International Financial Services Centre that offers: MCQ with Answer and Explanation

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The 'Gift City' in Gujarat is an International Financial Services Centre that offers:

A. only commodity trading

B. only stock trading

C. only domestic banking

D. tax incentives and international financial services

Answer: Option D

Solution (By JKSSB Mock Tests)

GIFT City offers international financial services with tax and regulatory incentives.

This question belongs to: Economy GK Economy Set 1

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Question #1

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Which of the following is a characteristic of the 'Sustainable Development Goals' framework?

A. Only national goals without global coordination

B. A set of interlinked global goals covering economic, social and environmental dimensions of development

C. Only economic growth targets

D. Only environmental targets without social dimensions

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Correct Answer: Option B

Explanation:
The Sustainable Development Goals adopted by the United Nations comprise 17 interlinked goals that integrate economic prosperity, social inclusion and environmental sustainability.

This question belongs to: Economy GK Economy Set 1

Question #2

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

A. 5%

B. 18%

C. 28%

D. 12%

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Correct Answer: Option B

Explanation:
Insurance services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Startup India' action plan was launched in which year?

A. 2014

B. 2018

C. 2016

D. 2017

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Correct Answer: Option C

Explanation:
Startup India was launched in January 2016.

This question belongs to: Economy GK Economy Set 1

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