The 'Goods and Services Tax' on solar panels is: MCQ with Answer and Explanation

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The 'Goods and Services Tax' on solar panels is:

A. 12%

B. 18%

C. 5%

D. 28%

Answer: Option C

Solution (By JKSSB Mock Tests)

Solar panels and modules attract 5% GST.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The World Trade Organization came into existence in which year?

A. 1995

B. 1944

C. 1947

D. 2001

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Correct Answer: Option A

Explanation:
The WTO was established in 1995, replacing GATT.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'International Monetary Fund' in India provides advice on:

A. macroeconomic policy and balance of payments

B. criminal justice

C. elections

D. defence strategy

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Correct Answer: Option A

Explanation:
IMF advises on macroeconomic policy and balance of payments.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'State Bank of India' was created in 1955 by amalgamating which bank?

A. Bank of Bombay

B. Bank of Madras

C. Imperial Bank of India

D. Bank of Calcutta

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Correct Answer: Option C

Explanation:
The State Bank of India was formed in 1955 by taking over the Imperial Bank of India.

This question belongs to: Economy GK Economy Set 1

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