The 'National Consumer Price Index' in India uses which base year? MCQ with Answer and Explanation

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The 'National Consumer Price Index' in India uses which base year?

A. 2012

B. 2010

C. 2019

D. 2016

Answer: Option A

Solution (By JKSSB Mock Tests)

CPI-Combined uses base year 2012.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' on municipal services is:

A. 5%

B. 0%

C. 18%

D. exempt for basic municipal services

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Correct Answer: Option D

Explanation:
Basic municipal services are exempt from GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'United Nations' headquarters is in:

A. New York

B. Geneva

C. Paris

D. Vienna

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Correct Answer: Option A

Explanation:
UN headquarters is in New York.

This question belongs to: Economy GK Economy Set 1

Question #3

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

A. Finance Minister

B. RBI Governor

C. Secretary-level officer

D. Supreme Court judge

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Correct Answer: Option C

Explanation:
NAA was headed by a Secretary-level officer.

This question belongs to: Economy GK Economy Set 1

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