The 'Goods and Services Tax' on healthcare and education being exempt is intended to: MCQ with Answer and Explanation

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The 'Goods and Services Tax' on healthcare and education being exempt is intended to:

A. promote imports

B. make essential services affordable

C. increase government revenue

D. increase tax burden

Answer: Option B

Solution (By JKSSB Mock Tests)

Exempting essential services like health and education makes them affordable.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'National Food Security Act' was enacted in:

A. 2013

B. 2018

C. 2015

D. 2010

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Correct Answer: Option A

Explanation:
NFSA was enacted in 2013.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'World Intellectual Property Organization' is based in:

A. Paris

B. New York

C. Geneva

D. Vienna

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Correct Answer: Option C

Explanation:
WIPO is headquartered in Geneva.

This question belongs to: Economy GK Economy Set 1

Question #3

In India, the exchange rate of the rupee is best described as:

A. fully floating with no RBI intervention

B. pegged to the dollar

C. fixed by the government

D. managed floating

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Correct Answer: Option D

Explanation:
India follows a managed floating exchange rate system with occasional RBI intervention.

This question belongs to: Economy GK Economy Set 1

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