The 'Goods and Services Tax' on aerated drinks is: MCQ with Answer and Explanation

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The 'Goods and Services Tax' on aerated drinks is:

A. 5%

B. 28% plus cess

C. 12%

D. 18%

Answer: Option B

Solution (By JKSSB Mock Tests)

Aerated drinks attract 28% GST plus compensation cess.

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 feature of the 'Special Drawing Rights' allocation by the IMF?

A. SDRs can be used only for domestic fiscal spending

B. SDRs are only available to countries with balance-of-payments needs under strict conditionality

C. A general allocation of SDRs provides unconditional liquidity to member countries in proportion to their quotas

D. SDRs are a form of private cryptocurrency

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Correct Answer: Option C

Explanation:
A general SDR allocation distributes new SDRs to all IMF members in proportion to their quotas, thereby increasing global liquidity without the policy conditionality attached to IMF lending programmes.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Rashtriya Madhyamik Shiksha Abhiyan' was launched in:

A. 2014

B. 2012

C. 2009

D. 2005

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Correct Answer: Option C

Explanation:
Rashtriya Madhyamik Shiksha Abhiyan was launched in 2009.

This question belongs to: Economy GK Economy Set 1

Question #3

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Structural unemployment arises due to:

A. temporary job search

B. agricultural seasonality

C. mismatch between the skills of workers and available jobs

D. fluctuations in business cycles

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Correct Answer: Option C

Explanation:
Structural unemployment is caused by a mismatch between workers' skills and available jobs.

This question belongs to: Economy GK Economy Set 1

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