The 'Goods and Services Tax (Compensation to States) Act' was passed in which year? MCQ with Answer and Explanation

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The 'Goods and Services Tax (Compensation to States) Act' was passed in which year?

A. 2016

B. 2015

C. 2017

D. 2018

Answer: Option C

Solution (By JKSSB Mock Tests)

The GST Compensation to States Act was passed in 2017.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Factories Act' in India was enacted in which year?

A. 1956

B. 1948

C. 1950

D. 1947

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Correct Answer: Option B

Explanation:
The Factories Act was enacted in 1948.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on private coaching centres is:

A. 5%

B. 18%

C. 12%

D. 0%

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Correct Answer: Option B

Explanation:
Private coaching centres attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Sagarmala' programme was launched in:

A. 2015

B. 2017

C. 2016

D. 2013

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Correct Answer: Option A

Explanation:
Sagarmala was launched in 2015.

This question belongs to: Economy GK Economy Set 1

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