The 'GST Council' decisions are made by how much majority? MCQ with Answer and Explanation

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The 'GST Council' decisions are made by how much majority?

A. two-thirds majority

B. unanimous consent

C. three-fourths majority

D. simple majority

Answer: Option C

Solution (By JKSSB Mock Tests)

GST Council decisions require three-fourths majority.

This question belongs to: Economy GK Economy Set 1

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Question #1

Which of the following is NOT a method of privatisation?

A. Nationalisation

B. Disinvestment of shares

C. Public-private partnership

D. Strategic sale

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Correct Answer: Option A

Explanation:
Nationalisation is the opposite of privatisation; it involves taking private assets into public ownership. Privatisation methods include disinvestment, strategic sale and PPP.

This question belongs to: Economy GK Economy Set 1

Question #2

The four labour codes in India consolidate how many existing central labour laws?

A. 44

B. 29

C. 100

D. 10

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Correct Answer: Option B

Explanation:
The four labour codes consolidate 29 central labour laws.

This question belongs to: Economy GK Economy Set 1

Question #3

Which institution primarily provides short-term financial assistance to countries facing balance of payments problems?

A. World Bank

B. WTO

C. IMF

D. ADB

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Correct Answer: Option C

Explanation:
The IMF provides short-term financial assistance to countries with balance of payments problems.

This question belongs to: Economy GK Economy Set 1

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