The 'Goods and Services Tax' annual return is filed in: MCQ with Answer and Explanation

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The 'Goods and Services Tax' annual return is filed in:

A. GSTR-3B

B. GSTR-1

C. GSTR-4

D. GSTR-9

Answer: Option D

Solution (By JKSSB Mock Tests)

GSTR-9 is the annual return.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'President of India' can declare a financial emergency under which article?

A. Article 356

B. Article 360

C. Article 365

D. Article 352

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Correct Answer: Option B

Explanation:
Financial emergency is declared under Article 360.

This question belongs to: Economy GK Economy Set 1

Question #2

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Which of the following is a function of the International Monetary Fund?

A. Regulating international trade rules

B. Providing short-term financial assistance for balance of payments problems and conducting surveillance

C. Providing only bilateral aid

D. Providing long-term project finance for infrastructure development

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Correct Answer: Option B

Explanation:
The IMF provides temporary financial support to countries facing balance of payments difficulties, conducts economic surveillance and offers technical assistance. Long-term project finance is the domain of the World Bank.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Green Revolution' in India was mainly introduced during the tenure of which Prime Minister?

A. Indira Gandhi

B. Jawaharlal Nehru

C. Lal Bahadur Shastri

D. Morarji Desai

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Correct Answer: Option C

Explanation:
The Green Revolution was initiated during Lal Bahadur Shastri's tenure in the mid-1960s.

This question belongs to: Economy GK Economy Set 1

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