The 'Goods and Services Tax' on pasta and noodles is: MCQ with Answer and Explanation

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The 'Goods and Services Tax' on pasta and noodles is:

A. 12%

B. 5%

C. 28%

D. 18%

Answer: Option D

Solution (By JKSSB Mock Tests)

Pasta and noodles attract 18% GST.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'GST Council' can be convened by:

A. President

B. RBI Governor

C. Prime Minister

D. Union Finance Minister

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Correct Answer: Option D

Explanation:
The Union Finance Minister can convene meetings of the GST Council.

This question belongs to: Economy GK Economy Set 1

Question #2

The term 'Demonetisation' refers to:

A. Introduction of new currency notes

B. Devaluation of currency

C. Printing of more currency notes

D. Withdrawal of a currency unit from legal tender status

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Correct Answer: Option D

Explanation:
Demonetisation is the act of stripping a currency unit of its status as legal tender. In India, high denomination notes were demonetised in 2016.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'India-UAE Comprehensive Economic Partnership Agreement' came into force in which year?

A. 2022

B. 2021

C. 2020

D. 2023

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Correct Answer: Option A

Explanation:
India-UAE CEPA came into force in May 2022.

This question belongs to: Economy GK Economy Set 1

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