The 'Goods and Services Tax Council' is a constitutional body under which article? MCQ with Answer and Explanation

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The 'Goods and Services Tax Council' is a constitutional body under which article?

A. Article 356

B. Article 324

C. Article 279A

D. Article 280

Answer: Option C

Solution (By JKSSB Mock Tests)

The GST Council is constituted under Article 279A.

This question belongs to: Economy GK Economy Set 1

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Question #1

A payment bank in India can accept demand deposits up to a maximum of:

A. Rs 50,000

B. Rs 2 lakh

C. Rs 1 lakh

D. Rs 5 lakh

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Correct Answer: Option C

Explanation:
Payment banks can accept demand deposits up to Rs 1 lakh per customer.

This question belongs to: Economy GK Economy Set 1

Question #2

Regional Rural Banks are sponsored by:

A. NABARD only

B. scheduled commercial banks

C. State governments only

D. RBI only

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Correct Answer: Option B

Explanation:
Regional Rural Banks are sponsored by scheduled commercial banks along with central and state governments.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Small Industries Development Bank of India' was established in which year?

A. 1990

B. 1980

C. 2000

D. 1995

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Correct Answer: Option A

Explanation:
SIDBI was established in 1990.

This question belongs to: Economy GK Economy Set 1

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