The 'Goods and Services Tax' on logistics services is: MCQ with Answer and Explanation

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The 'Goods and Services Tax' on logistics services is:

A. 12%

B. 5%

C. 18%

D. 28%

Answer: Option C

Solution (By JKSSB Mock Tests)

Logistics services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'index of eight core industries' does not include which of the following?

A. Cement

B. Pharmaceuticals

C. Coal

D. Steel

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Correct Answer: Option B

Explanation:
Pharmaceuticals is not included in the eight core industries.

This question belongs to: Economy GK Economy Set 1

Question #2

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The concept of 'Sustainable Finance' encompasses:

A. Only maximising short-term financial returns without regard to externalities

B. Financial activities that take environmental, social and governance (ESG) factors into account in investment decisions

C. Only microfinance in rural areas

D. Only government budgetary finance

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Correct Answer: Option B

Explanation:
Sustainable finance refers to the process of taking environmental, social and governance considerations into account when making investment decisions, with the aim of supporting long-term sustainable economic activities.

This question belongs to: Economy GK Economy Set 1

Question #3

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Which of the following is a feature of the classical theory of employment?

A. Full employment as a normal condition

B. Liquidity trap

C. Importance of effective demand

D. Possibility of underemployment equilibrium

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Correct Answer: Option A

Explanation:
Classical theory assumes that the economy always tends towards full employment through flexible wages and prices. Underemployment equilibrium and liquidity trap are Keynesian concepts.

This question belongs to: Economy GK Economy Set 1

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