The 'GST Appellate Tribunal' is also known as: MCQ with Answer and Explanation

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The 'GST Appellate Tribunal' is also known as:

A. Goods and Services Tax Appellate Tribunal

B. GST Council

C. Competition Commission of India

D. Central Board of Indirect Taxes and Customs

Answer: Option A

Solution (By JKSSB Mock Tests)

GST Appellate Tribunal hears appeals under GST.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Kyoto Protocol' was adopted in which year?

A. 2001

B. 1997

C. 2005

D. 1992

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Correct Answer: Option B

Explanation:
The Kyoto Protocol was adopted in 1997.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is NOT a component of the current account of India's balance of payments?

A. Merchandise trade

B. Invisibles (services, income, transfers)

C. Software exports

D. Foreign direct investment

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Correct Answer: Option D

Explanation:
Foreign direct investment is recorded in the capital account. Merchandise trade, services (including software), income and transfers form the current account.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Lorenz curve' is a graph showing:

A. income distribution

B. unemployment

C. inflation over time

D. GDP growth

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Correct Answer: Option A

Explanation:
The Lorenz curve graphically represents the distribution of income or wealth.

This question belongs to: Economy GK Economy Set 1

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