The largest component of India's GDP in recent years is contributed by the: MCQ with Answer and Explanation

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The largest component of India's GDP in recent years is contributed by the:

A. services sector

B. manufacturing sector

C. agriculture sector

D. mining sector

Answer: Option A

Solution (By JKSSB Mock Tests)

The services sector is the largest contributor to India's GDP.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' rate on milk is:

A. 12%

B. 18%

C. 0%

D. 5%

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Correct Answer: Option C

Explanation:
Fresh milk is exempt from GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on charitable activities is:

A. exempt for specified charitable activities

B. 0%

C. 5%

D. 18%

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Correct Answer: Option A

Explanation:
Specified charitable activities are exempt from GST.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Economic Survey' is tabled in Parliament before the:

A. Union Budget

B. Winter Session

C. Monsoon Session

D. Railway Budget

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Correct Answer: Option A

Explanation:
The Economic Survey is tabled just before the Union Budget.

This question belongs to: Economy GK Economy Set 1

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