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

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

Discuss this Question (0)

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

Practice More Economy Set 1 Questions

Question #1
The concept of 'Consumer Equilibrium' under utility analysis is achieved when:
A. MU of a commodity is equal to its price
B. Marginal utility is maximum
C. Total utility is zero
D. Price is zero

Correct Answer: Option A


Explanation:
A consumer is in equilibrium when the marginal utility derived from a commodity equals its price (or MU per unit of money is equalised across commodities).

This question belongs to: Economy GK Economy Set 1
Question #2
In the context of cost curves, the Average Fixed Cost (AFC) curve is:
A. U-shaped
B. Horizontal
C. Rectangular hyperbola
D. Upward sloping

Correct Answer: Option C


Explanation:
Average Fixed Cost falls continuously as output increases and the AFC curve is a rectangular hyperbola.

This question belongs to: Economy GK Economy Set 1
Question #3
Which of the following is a feature of the Mahalanobis model used in Indian planning?
A. Complete reliance on private sector investment
B. Emphasis on agriculture and consumer goods
C. Emphasis on heavy industries and capital goods sector
D. Focus on export-led growth only

Correct Answer: Option C


Explanation:
The Mahalanobis model, used in the Second Five Year Plan, stressed the development of heavy and capital goods industries to build a strong industrial base.

This question belongs to: Economy GK Economy Set 1