The 'GST' is a destination-based tax, so tax revenue accrues to: MCQ with Answer and Explanation

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The 'GST' is a destination-based tax, so tax revenue accrues to:

A. centre only

B. exporting state

C. producing state

D. consuming state

Answer: Option D

Solution (By JKSSB Mock Tests)

GST is destination-based; tax revenue goes to the state where goods are consumed.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

Which of the following is NOT a component of the capital market?

A. Stock exchanges

B. Mutual funds

C. Call money market

D. Insurance companies

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Correct Answer: Option C

Explanation:
Call money market is a part of the money market (short-term). Capital market deals with long-term funds and includes stock exchanges, mutual funds and insurance companies.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'MUDRA' loans are extended to:

A. micro and small enterprises

B. multinational corporations

C. large industries

D. state governments

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Correct Answer: Option A

Explanation:
MUDRA provides loans to micro and small enterprises.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'BharatNet' project aims to provide broadband connectivity to:

A. all Gram Panchayats

B. all state capitals only

C. all industrial towns

D. all urban households

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Correct Answer: Option A

Explanation:
BharatNet aims to provide broadband connectivity to all Gram Panchayats.

This question belongs to: Economy GK Economy Set 1

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