The 'GST Council' is a constitutional body under which article? MCQ with Answer and Explanation

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The 'GST Council' is a constitutional body under which article?

A. Article 280

B. Article 246A

C. Article 324

D. Article 279A

Answer: Option D

Solution (By JKSSB Mock Tests)

The GST Council is constituted under Article 279A.

This question belongs to: Economy GK Economy Set 1

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The 'Fourth Five Year Plan' period was:

A. 1974-1979

B. 1961-1966

C. 1966-1971

D. 1969-1974

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Correct Answer: Option D

Explanation:
The Fourth Five Year Plan covered 1969-1974.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'National Intellectual Property Rights Policy' was released in India in which year?

A. 2020

B. 2018

C. 2013

D. 2016

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Correct Answer: Option D

Explanation:
The National IPR Policy was released in 2016.

This question belongs to: Economy GK Economy Set 1

Question #3

In the quantity theory of money, the equation MV = PT was given by:

A. Milton Friedman

B. John Maynard Keynes

C. Alfred Marshall

D. Irving Fisher

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Correct Answer: Option D

Explanation:
Irving Fisher formulated the equation of exchange MV = PT, where M is money supply, V is velocity of money, P is price level and T is volume of transactions.

This question belongs to: Economy GK Economy Set 1

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