The 'National Human Rights Commission' is a: MCQ with Answer and Explanation

The 'National Human Rights Commission' is a:
A. constitutional body
B. private body
C. judicial body
D. statutory body
Answer: Option D
Solution (By JKSSB Mock Tests)
NHRC is a statutory body under the Protection of Human Rights Act, 1993.

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Practice More Economy Set 1 Questions

Question #1
The 'Goods and Services Tax' on freight transport by road is:
A. 5% without ITC or 12% with ITC
B. 28%
C. 5%
D. 18%

Correct Answer: Option A


Explanation:
Goods transport agency services attract 5% without ITC or 12% with ITC.

This question belongs to: Economy GK Economy Set 1
Question #2
In the context of the Indian economy, GST is best described as:
A. A wealth tax
B. A direct tax on income
C. A corporate tax levied only on companies
D. A comprehensive indirect tax on the supply of goods and services with a dual structure

Correct Answer: Option D


Explanation:
GST is a destination-based, multi-stage indirect tax levied on the supply of goods and services, administered jointly by the Centre and the States.

This question belongs to: Economy GK Economy Set 1
Question #3
Cardinal utility analysis assumes that utility:
A. depends on income only
B. is not comparable across persons
C. cannot be measured in numbers
D. can be measured in cardinal numbers

Correct Answer: Option D


Explanation:
Cardinal utility analysis assumes utility can be quantified in numerical units such as utils.

This question belongs to: Economy GK Economy Set 1