The 'National Anti-profiteering Authority' under GST was headed by a: MCQ with Answer and Explanation

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The 'National Anti-profiteering Authority' under GST was headed by a:

A. RBI Governor

B. Finance Minister

C. Secretary-level officer

D. Supreme Court judge

Answer: Option C

Solution (By JKSSB Mock Tests)

NAA was headed by a Secretary-level officer.

This question belongs to: Economy GK Economy Set 1

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Question #1

The Balance of Payments is a systematic record of:

A. all economic transactions between residents of a country and the rest of the world

B. only government borrowing

C. only visible trade

D. only foreign direct investment

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Correct Answer: Option A

Explanation:
The Balance of Payments records all economic transactions between residents and the rest of the world.

This question belongs to: Economy GK Economy Set 1

Question #2

In the context of international finance, 'Bretton Woods Institutions' refer to:

A. OECD and G20 only

B. IMF and World Bank

C. WTO and UNCTAD

D. ADB and AIIB

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Correct Answer: Option B

Explanation:
The Bretton Woods Conference (1944) led to the creation of the International Monetary Fund and the World Bank (IBRD).

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on tractors is:

A. 12%

B. 5%

C. 28%

D. 18%

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Correct Answer: Option A

Explanation:
Tractors attract 12% GST.

This question belongs to: Economy GK Economy Set 1

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