The 'Goods and Services Tax' return for monthly filing by regular dealers is: MCQ with Answer and Explanation

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The 'Goods and Services Tax' return for monthly filing by regular dealers is:

A. GSTR-9

B. GSTR-4

C. GSTR-3B

D. GSTR-1

Answer: Option C

Solution (By JKSSB Mock Tests)

GSTR-3B is a monthly summary return for regular dealers.

This question belongs to: Economy GK Economy Set 1

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The 'Mahatma Gandhi Rural Employment Guarantee Act' was enacted in:

A. 2004

B. 2005

C. 2007

D. 2009

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Correct Answer: Option B

Explanation:
MGNREGA was enacted in 2005.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a feature of the Classical theory of interest?

A. Interest is a monetary phenomenon only

B. Liquidity preference determines interest

C. Interest is determined by demand and supply of real savings and investment

D. Interest is determined by demand and supply of money

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Correct Answer: Option C

Explanation:
In classical theory, the rate of interest is a real phenomenon determined by the demand for investment and the supply of savings.

This question belongs to: Economy GK Economy Set 1

Question #3

In the circular flow of income, injections include:

A. consumption and saving

B. investment, government expenditure and exports

C. saving, taxes and imports

D. wages and rent

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Correct Answer: Option B

Explanation:
Injections into the circular flow are investment, government expenditure and exports.

This question belongs to: Economy GK Economy Set 1

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