The 'Goods and Services Tax' on services provided by IRDAI is: MCQ with Answer and Explanation

Question
The 'Goods and Services Tax' on services provided by IRDAI is:
A. exempt
B. 18%
C. 0%
D. 5%
Answer: Option A
Solution (By JKSSB Mock Tests)
IRDAI services are exempt from GST.
This question belongs to: Economy GK Economy Set 1
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Practice More Economy Set 1 Questions

Question #1
Which of the following is included in M1 in India?
A. Currency with the public plus demand deposits with banks plus other deposits with RBI
B. Time deposits with banks
C. National savings certificates
D. Post office savings deposits
Discuss
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Correct Answer: Option A

Explanation:
M1 includes currency with the public, demand deposits with banks and other deposits with the RBI.
This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is a feature of the 'Data Portability' right?
A. The right of individuals to receive their personal data in a structured, commonly used format and to transmit it to another controller
B. Only the right to delete data
C. Only the right of platforms to retain all data
D. The complete prohibition on data transfers
Discuss
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Correct Answer: Option A

Explanation:
Data portability, recognised in the GDPR and similar laws, allows individuals to obtain their personal data in a machine-readable format and to transfer it to another service provider, thereby reducing lock-in.
This question belongs to: Economy GK Economy Set 1
Question #3
The e-NAM platform is a national network for:
A. agricultural marketing
B. tax payments
C. banking transactions
D. railway booking
Discuss
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Correct Answer: Option A

Explanation:
e-NAM is an electronic national agricultural market platform to integrate agricultural mandis.
This question belongs to: Economy GK Economy Set 1
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