The 'GST Network' is a: MCQ with Answer and Explanation

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The 'GST Network' is a:

A. public sector undertaking

B. private limited company

C. government department

D. statutory body

Answer: Option B

Solution (By JKSSB Mock Tests)

GSTN is a Section 8 private limited company.

This question belongs to: Economy GK Economy Set 1

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Question #1

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Which of the following is a component of the Human Development Report of UNDP?

A. Only exchange rate data of one country

B. Only domestic fiscal deficit data

C. Human Development Index, Gender Inequality Index and Multidimensional Poverty Index

D. Wholesale Price Index of India only

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Correct Answer: Option C

Explanation:
The Human Development Report publishes a range of indices including HDI, GII, MPI and other measures of human progress and deprivation.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'South Asian Free Trade Area' agreement came into force in which year?

A. 2004

B. 2006

C. 1995

D. 2010

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Correct Answer: Option B

Explanation:
SAFTA came into force in 2006.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Banking Ombudsman' is appointed for a tenure of:

A. 5 years

B. 6 years

C. 1 year

D. 3 years

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Correct Answer: Option D

Explanation:
Banking Ombudsmen are appointed for a three-year term.

This question belongs to: Economy GK Economy Set 1

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