The 'Goods and Services Tax' on IPL tickets is: MCQ with Answer and Explanation

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The 'Goods and Services Tax' on IPL tickets is:

A. 0%

B. 28%

C. 5%

D. 18%

Answer: Option D

Solution (By JKSSB Mock Tests)

IPL tickets attract 18% GST.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Marine Products Export Development Authority' promotes exports of:

A. fish and marine products

B. tea

C. spices

D. coffee

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Correct Answer: Option A

Explanation:
MPEDA promotes exports of fish and marine products.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'monetary policy framework' in India legally mandates RBI to target:

A. consumer price inflation

B. exchange rate

C. GDP growth

D. fiscal deficit

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Correct Answer: Option A

Explanation:
The RBI's monetary policy framework targets consumer price inflation.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'trickle-down theory' of development suggests that benefits of growth:

A. are absent

B. only benefit the government

C. eventually spread to the poor

D. remain only with the rich

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Correct Answer: Option C

Explanation:
Trickle-down theory suggests that growth benefits eventually reach the poor.

This question belongs to: Economy GK Economy Set 1

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