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

Question

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

A. GSTR-4

B. GSTR-3B

C. GSTR-1

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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Which of the following is a characteristic of the 'Catch-up' or 'Convergence' hypothesis in growth theory?

A. Richer economies always grow faster

B. Only absolute convergence always holds unconditionally

C. Poorer economies tend to grow faster than richer ones, conditional on similar steady-state determinants

D. There is no tendency for convergence

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Correct Answer: Option C

Explanation:
Conditional convergence predicts that countries with lower initial income per worker grow faster once differences in saving rates, population growth and technology are controlled for.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'World Development Report' is published by:

A. UNCTAD

B. World Bank

C. WTO

D. IMF

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Correct Answer: Option B

Explanation:
The World Development Report is published by the World Bank.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Goods and Services Tax' on two-wheelers is:

A. 18%

B. 12%

C. 28% plus cess

D. 28%

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Correct Answer: Option D

Explanation:
Two-wheelers attract 28% GST.

This question belongs to: Economy GK Economy Set 1

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