The 'GST Council' decisions are taken by: MCQ with Answer and Explanation

Question

Share Report Error

The 'GST Council' decisions are taken by:

A. three-fourths majority with Centre having one-third weight

B. simple majority with states having two-thirds weight

C. majority vote of all members

D. unanimous consent only

Answer: Option A

Solution (By JKSSB Mock Tests)

GST Council decisions require a three-fourths majority, with the Centre's vote having one-third weight and states two-thirds.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

The Doha Development Round of WTO negotiations primarily focused on:

A. military alliances

B. intellectual property only

C. concerns of developing countries

D. exchange rate management

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
The Doha Round focused on development concerns of developing countries.

This question belongs to: Economy GK Economy Set 1

Question #2

The Foreign Exchange Management Act was enacted in which year?

A. 1973

B. 1992

C. 1999

D. 2005

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
FEMA was enacted in 1999, replacing FERA.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is NOT a type of public enterprise based on ownership?

A. Departmental undertaking

B. Government company

C. Public corporation

D. Private limited company with no government share

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
Public enterprises are owned wholly or substantially by the government and include departmental undertakings, public corporations and government companies. A purely private limited company is not a public enterprise.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs