The 'Goods and Services Tax' on legal services provided to government is: MCQ with Answer and Explanation

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The 'Goods and Services Tax' on legal services provided to government is:

A. exempt

B. 12%

C. 18%

D. 0%

Answer: Option A

Solution (By JKSSB Mock Tests)

Legal services provided to government are exempt from GST.

This question belongs to: Economy GK Economy Set 1

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Question #1

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Which of the following indices is used by the RBI as the nominal anchor for monetary policy in India?

A. Wholesale Price Index

B. Producer Price Index

C. Consumer Price Index (Combined)

D. GDP Deflator

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Correct Answer: Option C

Explanation:
Under the Flexible Inflation Targeting framework, the RBI targets CPI-Combined inflation as the nominal anchor for monetary policy.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'World Intellectual Property Organization' is a specialized agency of:

A. WTO

B. World Bank

C. United Nations

D. IMF

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Correct Answer: Option C

Explanation:
WIPO is a specialized agency of the United Nations.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'National Statistical Office' was formed by merging:

A. Labour Bureau and NSSO

B. CSO and Labour Bureau

C. CSO and NSSO

D. RBI and SEBI

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Correct Answer: Option C

Explanation:
NSO was formed by merging Central Statistics Office and National Sample Survey Office.

This question belongs to: Economy GK Economy Set 1

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