The 'Goods and Services Tax' on railway freight is: MCQ with Answer and Explanation

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The 'Goods and Services Tax' on railway freight is:

A. 5%

B. 0%

C. 12%

D. 18%

Answer: Option A

Solution (By JKSSB Mock Tests)

Rail freight attracts 5% GST.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'New Economic Policy 1991' devalued the rupee by about how much in two stages?

A. 50%

B. 30%

C. 18%

D. 5%

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Correct Answer: Option C

Explanation:
In July 1991, the rupee was devalued by about 18% in two steps.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Kyoto Protocol' came into force in which year?

A. 2008

B. 2005

C. 1997

D. 2012

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Correct Answer: Option B

Explanation:
The Kyoto Protocol entered into force in 2005.

This question belongs to: Economy GK Economy Set 1

Question #3

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Which of the following is a component of the Human Development Report of UNDP?

A. Wholesale Price Index of India only

B. Only domestic fiscal deficit data

C. Human Development Index, Gender Inequality Index and Multidimensional Poverty Index

D. Only exchange rate data of one country

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Correct Answer: Option C

Explanation:
The Human Development Report publishes a range of indices including HDI, GII, MPI and other measures of human progress and deprivation.

This question belongs to: Economy GK Economy Set 1

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