The 'National Anti-profiteering Authority' under GST was set up to ensure: MCQ with Answer and Explanation

Question

Share Report Error

The 'National Anti-profiteering Authority' under GST was set up to ensure:

A. fewer returns

B. more exports

C. higher GST collections

D. benefits of GST rate cuts are passed to consumers

Answer: Option D

Solution (By JKSSB Mock Tests)

National Anti-profiteering Authority ensures that tax reductions are passed on to consumers.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

The 'Fifth Five Year Plan' period was:

A. 1971-1976

B. 1974-1979

C. 1980-1985

D. 1969-1974

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
The Fifth Five Year Plan covered 1974-1979.

This question belongs to: Economy GK Economy Set 1

Question #2

In the context of international climate finance, the 'Loss and Damage' agenda refers to:

A. Only adaptation finance within national borders

B. Support for developing countries facing irreversible impacts of climate change that cannot be adapted to

C. Only mitigation finance

D. Only private insurance markets

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
Loss and damage refers to the adverse effects of climate change that cannot be avoided through mitigation or adaptation; the agenda seeks financial and technical support for particularly vulnerable countries.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Farmers' Produce Trade and Commerce (Promotion and Facilitation) Act, 2020' was later:

A. repealed in 2021

B. amended only

C. extended to 2030

D. implemented fully

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
The three farm laws of 2020 were repealed in 2021.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs