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. statutory body

B. government department

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

Total utility is maximum when marginal utility is:

A. zero

B. maximum

C. negative

D. equal to average utility

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Correct Answer: Option A

Explanation:
Total utility reaches its maximum when marginal utility is zero; beyond this point, marginal utility becomes negative and total utility falls.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Sagarmala' programme was launched in:

A. 2015

B. 2013

C. 2017

D. 2016

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Correct Answer: Option A

Explanation:
Sagarmala was launched in 2015.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Integrated Goods and Services Tax' applies to:

A. inter-state supplies

B. exports only

C. imports only

D. intra-state supplies

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Correct Answer: Option A

Explanation:
IGST applies to inter-state supplies and imports.

This question belongs to: Economy GK Economy Set 1

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