The 'National Pension System' is open to citizens in the age group of: MCQ with Answer and Explanation

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The 'National Pension System' is open to citizens in the age group of:

A. 18-70 years

B. 21-65 years

C. 18-50 years

D. 18-60 years

Answer: Option A

Solution (By JKSSB Mock Tests)

NPS is open to citizens aged 18 to 70.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' on long-term lease of industrial plots is:

A. 12%

B. 5%

C. 0%

D. 18%

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Correct Answer: Option D

Explanation:
Long-term lease of industrial plots attracts 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on religious pilgrimage tours is:

A. 0%

B. 18%

C. 5%

D. 12%

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Correct Answer: Option C

Explanation:
Religious pilgrimage tours attract 5% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is NOT a type of foreign investment?

A. Foreign Direct Investment

B. Foreign Portfolio Investment

C. External Commercial Borrowings

D. Domestic bank deposits by residents

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Correct Answer: Option D

Explanation:
Domestic bank deposits by residents are not foreign investment. FDI, FPI and ECBs represent different forms of foreign capital inflows.

This question belongs to: Economy GK Economy Set 1

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