The 'Government e-Marketplace' is primarily a platform for: MCQ with Answer and Explanation

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The 'Government e-Marketplace' is primarily a platform for:

A. public procurement of goods and services

B. retail e-commerce

C. stock trading

D. foreign exchange trading

Answer: Option A

Solution (By JKSSB Mock Tests)

GeM is an online platform for government procurement of goods and services.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' on SUVs is:

A. 5%

B. 12%

C. 28% plus cess

D. 18%

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Correct Answer: Option C

Explanation:
SUVs attract 28% GST plus cess.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Production Linked Incentive' scheme aims to:

A. promote imports

B. reduce production

C. boost domestic manufacturing by linking incentives to incremental output

D. increase imports

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Correct Answer: Option C

Explanation:
PLI schemes provide incentives to boost domestic manufacturing.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' rate on ambulance services is:

A. 12%

B. 5%

C. 0%

D. 18%

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Correct Answer: Option C

Explanation:
Ambulance services are exempt from GST.

This question belongs to: Economy GK Economy Set 1

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