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

Question

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The 'GST Appellate Tribunal' is also known as:

A. Competition Commission of India

B. GST Council

C. Central Board of Indirect Taxes and Customs

D. Goods and Services Tax Appellate Tribunal

Answer: Option D

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

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The concept of 'Liquidity Preference' includes which of the following motives?

A. Transactions, precautionary and speculative motives

B. Only precautionary motive

C. Only speculative motive

D. Only transactions motive

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Correct Answer: Option A

Explanation:
According to Keynes, the demand for money (liquidity preference) arises from three motives: transactions, precautionary and speculative.

This question belongs to: Economy GK Economy Set 1

Question #2

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The term 'Repo Rate' is the rate at which:

A. Government borrows from the public

B. Banks lend to each other in the call market

C. RBI borrows from commercial banks

D. Commercial banks borrow from the RBI against collateral of government securities

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Correct Answer: Option D

Explanation:
Repo rate is the interest rate at which the RBI lends short-term funds to commercial banks against the collateral of government securities under the Liquidity Adjustment Facility.

This question belongs to: Economy GK Economy Set 1