The 'GST Council' has a secretariat located in: MCQ with Answer and Explanation

Question

Share Report Error

The 'GST Council' has a secretariat located in:

A. Bengaluru

B. Gandhinagar

C. Mumbai

D. New Delhi

Answer: Option D

Solution (By JKSSB Mock Tests)

GST Council secretariat is in New Delhi.

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

Share Report

Which of the following is a characteristic of the 'Calibration' approach in quantitative macroeconomics?

A. Parameters are estimated only by maximum likelihood

B. Parameters are chosen so that the model matches selected long-run averages or moments of the data

C. Only theoretical consistency matters

D. No attention is paid to empirical moments

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
In the calibration methodology associated with real-business-cycle and dynamic stochastic general-equilibrium models, key parameters are set so that the model reproduces selected long-run averages or other empirical moments.

This question belongs to: Economy GK Economy Set 1

Question #2

Share Report

The 'stagflation' is a combination of:

A. high inflation and low unemployment

B. low inflation and high unemployment

C. high inflation and high unemployment

D. low inflation and low unemployment

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
Stagflation is high inflation combined with high unemployment and stagnant demand.

This question belongs to: Economy GK Economy Set 1

Question #3

Share Report

The term 'Invisible Trade' in the balance of payments includes:

A. Only foreign direct investment

B. Trade in services, income and unilateral transfers

C. Only capital transfers

D. Trade in merchandise goods only

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
Invisible trade (invisibles) comprises services (travel, transportation, software, etc.), primary income and secondary income (transfers).

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs