The 'National Green Tribunal' was established in which year? MCQ with Answer and Explanation

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The 'National Green Tribunal' was established in which year?

A. 2012

B. 2008

C. 2015

D. 2010

Answer: Option D

Solution (By JKSSB Mock Tests)

The National Green Tribunal was established in 2010.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

Primary deficit is equal to fiscal deficit minus:

A. interest payments

B. subsidies

C. capital expenditure

D. tax revenue

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Correct Answer: Option A

Explanation:
Primary deficit = fiscal deficit - interest payments.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on gym and fitness services is:

A. 18%

B. 28%

C. 5%

D. 12%

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Correct Answer: Option A

Explanation:
Gym and fitness services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Laffer curve' suggests that beyond a certain tax rate, an increase in the tax rate may:

A. leave revenue unchanged

B. reduce total tax revenue

C. increase total tax revenue

D. eliminate all tax revenue immediately

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Correct Answer: Option B

Explanation:
The Laffer curve suggests very high tax rates can reduce work and investment, lowering tax revenue.

This question belongs to: Economy GK Economy Set 1

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