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

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The 'Goods and Services Tax' on services provided by PFRDA is:

A. 0%

B. 18%

C. 5%

D. exempt

Answer: Option D

Solution (By JKSSB Mock Tests)

PFRDA 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 a primary function of money?

A. Medium of exchange

B. Unit of account

C. Store of value

D. Standard of deferred payments

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Correct Answer: Option A

Explanation:
The primary function of money is to act as a medium of exchange.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a characteristic of the 'Attention Economy'?

A. Human attention is treated as a scarce resource that platforms and content providers compete to capture

B. Only traditional advertising without digital platforms

C. Attention is unlimited and has no economic value

D. Only physical goods matter

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Correct Answer: Option A

Explanation:
In the attention economy, the limited cognitive resource of human attention is the scarce factor that digital platforms, media and advertisers compete to attract and monetise.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'National Pension System' in India is regulated by:

A. PFRDA

B. RBI

C. SEBI

D. IRDAI

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Correct Answer: Option A

Explanation:
The National Pension System is regulated by the Pension Fund Regulatory and Development Authority.

This question belongs to: Economy GK Economy Set 1

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