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

The 'GST Council' secretariat is located in:
A. Bengaluru
B. Gandhinagar
C. New Delhi
D. Mumbai
Answer: Option C
Solution (By JKSSB Mock Tests)
The GST Council secretariat is located in New Delhi.

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Practice More Economy Set 1 Questions

Question #1
The concept of 'Contestability' in digital markets refers to:
A. Only the size of the incumbent
B. The complete impossibility of entry
C. The ease with which new entrants can challenge incumbent platforms despite the presence of network effects and data advantages
D. Only the number of existing competitors

Correct Answer: Option C


Explanation:
Contestability measures the extent to which potential competition can discipline incumbents; in digital markets it is often impaired by network effects, data advantages and switching costs.

This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is NOT a type of unemployment based on cause?
A. Cyclical
B. Frictional
C. Structural
D. Voluntary as the only cause-based type

Correct Answer: Option D


Explanation:
While unemployment can be voluntary or involuntary, the standard cause-based classification includes frictional, structural, cyclical and seasonal unemployment.

This question belongs to: Economy GK Economy Set 1
Question #3
Which of the following is NOT a type of public debt?
A. Tax revenue
B. Internal debt
C. Market borrowings
D. External debt

Correct Answer: Option A


Explanation:
Tax revenue is a receipt, not debt. Public debt includes internal debt (market borrowings, treasury bills) and external debt.

This question belongs to: Economy GK Economy Set 1