The 'National Commission for Minorities' is a: MCQ with Answer and Explanation

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The 'National Commission for Minorities' is a:

A. statutory body

B. judicial body

C. constitutional body

D. executive body

Answer: Option A

Solution (By JKSSB Mock Tests)

The National Commission for Minorities is a statutory body.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Goods and Services Tax' on lottery, betting and gambling is part of the:

A. 12% slab

B. 28% slab plus cess

C. 18% slab

D. 5% slab

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Correct Answer: Option B

Explanation:
Lottery, betting and gambling are in the 28% slab.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Goods and Services Tax' on private coaching centres is:

A. 5%

B. 12%

C. 18%

D. 0%

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Correct Answer: Option C

Explanation:
Private coaching centres attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

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Which of the following is a characteristic of a developed economy?

A. High per capita income

B. High dependence on agriculture

C. Low level of capital formation

D. High rate of population growth

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Correct Answer: Option A

Explanation:
Developed economies are characterised by high per capita income, high level of industrialisation, low population growth and high capital formation.

This question belongs to: Economy GK Economy Set 1

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