The 'Goods and Services Tax Network' was created as a: MCQ with Answer and Explanation

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The 'Goods and Services Tax Network' was created as a:

A. government department

B. statutory body

C. special purpose vehicle

D. constitutional body

Answer: Option C

Solution (By JKSSB Mock Tests)

GSTN was created as a special purpose vehicle to provide IT infrastructure for GST.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Rupay Kisan Card' is a:

A. forex card

B. debit card for farmers

C. gift card

D. credit card

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Correct Answer: Option B

Explanation:
Rupay Kisan Card is a debit card for farmers.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a feature of a public good?

A. Rivalrous and non-excludable

B. Rivalrous and excludable

C. Non-rivalrous and excludable

D. Non-rivalrous and non-excludable

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Correct Answer: Option D

Explanation:
Public goods are non-rivalrous and non-excludable.

This question belongs to: Economy GK Economy Set 1

Question #3

M0 in India is also known as:

A. broad money

B. narrow money

C. high-powered money plus time deposits

D. reserve money

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Correct Answer: Option D

Explanation:
M0 is reserve money or high-powered money, comprising currency in circulation plus bankers' deposits with RBI and other deposits.

This question belongs to: Economy GK Economy Set 1

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