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

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The 'GST Suvidha Provider' is an entity that:

A. makes GST law

B. sets GST rates

C. collects GST

D. provides IT solutions for GST compliance

Answer: Option D

Solution (By JKSSB Mock Tests)

GST Suvidha Providers offer IT applications for GST compliance.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'demographic dividend' can be reaped when:

A. birth rate is high

B. elderly population is large

C. dependency ratio is high

D. working-age population is large and productive

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Correct Answer: Option D

Explanation:
Demographic dividend arises from a large productive working-age population.

This question belongs to: Economy GK Economy Set 1

Question #2

A cartel is an example of:

A. collusive oligopoly

B. non-collusive oligopoly

C. monopolistic competition

D. perfect competition

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Correct Answer: Option A

Explanation:
A cartel is a formal collusive arrangement among oligopolistic firms to fix prices and output.

This question belongs to: Economy GK Economy Set 1

Question #3

Inflation-indexed bonds provide investors protection against:

A. market risk

B. exchange rate fluctuations

C. inflation by linking principal or interest to a price index

D. income tax

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Correct Answer: Option C

Explanation:
Inflation-indexed bonds link principal or interest payments to inflation, protecting investors from inflation.

This question belongs to: Economy GK Economy Set 1

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