The 'Nairobi Package' of WTO was adopted in which year? MCQ with Answer and Explanation

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The 'Nairobi Package' of WTO was adopted in which year?

A. 2017

B. 2019

C. 2013

D. 2015

Answer: Option D

Solution (By JKSSB Mock Tests)

The Nairobi Package was adopted in 2015.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' rate on essential food items is:

A. 5%

B. 0%

C. 18%

D. 12%

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Correct Answer: Option B

Explanation:
Essential food items are often at 0% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Permanent Account Number' in India is issued by:

A. Ministry of Corporate Affairs

B. RBI

C. Income Tax Department

D. SEBI

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Correct Answer: Option C

Explanation:
PAN is issued by the Income Tax Department.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'GST compensation cess' was originally applicable for how many years from 2017?

A. 5 years

B. 10 years

C. 2 years

D. 15 years

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Correct Answer: Option A

Explanation:
GST compensation cess was initially applicable for five years from 2017 to 2022, later extended.

This question belongs to: Economy GK Economy Set 1

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