The 'GST Suvidha Provider' is: MCQ with Answer and Explanation

Question

Share Report Error

The 'GST Suvidha Provider' is:

A. an authorized private IT intermediary for GST compliance

B. a chartered accountant

C. a tax official

D. a bank

Answer: Option A

Solution (By JKSSB Mock Tests)

GST Suvidha Providers are authorized IT intermediaries for GST compliance services.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

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

Practice More Economy Set 1 Questions

Question #1

Share Report

The 'Goods and Services Tax' Council was constituted in which year?

A. 2016

B. 2018

C. 2014

D. 2017

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
The GST Council was constituted in 2016.

This question belongs to: Economy GK Economy Set 1

Question #2

Share Report

Which of the following is a characteristic of the 'Loss and Damage Fund' established under the UNFCCC?

A. A fund only for mitigation projects in developed countries

B. A private insurance mechanism without public finance

C. A fund to assist developing countries that are particularly vulnerable to the adverse effects of climate change in responding to loss and damage

D. A fund limited to adaptation within national borders of developed countries

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
The Loss and Damage Fund, agreed at COP27 and operationalised subsequently, is intended to provide financial assistance to developing countries that are especially vulnerable to climate-related loss and damage.

This question belongs to: Economy GK Economy Set 1

Question #3

Share Report

The 'Governing Council' of NITI Aayog includes:

A. only finance secretaries

B. only central ministers

C. Chief Ministers and Lieutenant Governors

D. only RBI Governor

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
The Governing Council includes Chief Ministers and Lieutenant Governors along with the Prime Minister and central ministers.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs