The 'International Court of Justice' is the principal judicial organ of: MCQ with Answer and Explanation

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The 'International Court of Justice' is the principal judicial organ of:

A. United Nations

B. World Bank

C. WTO

D. European Union

Answer: Option A

Solution (By JKSSB Mock Tests)

The International Court of Justice is the principal judicial organ of the United Nations.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'good and services tax' on petroleum crude, diesel, petrol, natural gas and aviation turbine fuel:

A. is levied at zero rate

B. is presently outside GST

C. has been fully included

D. is exempt

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Correct Answer: Option B

Explanation:
These petroleum products are currently outside the GST regime.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'e-Way Bill' is generated on the GST portal for movement of goods whose consignment value exceeds:

A. Rs 25,000

B. Rs 1 lakh

C. Rs 50,000

D. Rs 5 lakh

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Correct Answer: Option C

Explanation:
E-way bill is required for goods movement valued above Rs 50,000.

This question belongs to: Economy GK Economy Set 1

Question #3

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Regional Rural Banks are sponsored by:

A. State governments only

B. NABARD only

C. scheduled commercial banks

D. RBI only

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Correct Answer: Option C

Explanation:
Regional Rural Banks are sponsored by scheduled commercial banks along with central and state governments.

This question belongs to: Economy GK Economy Set 1

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