The 'National Savings Certificate' is issued by: MCQ with Answer and Explanation

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The 'National Savings Certificate' is issued by:

A. Post Office

B. SEBI

C. RBI

D. Commercial banks

Answer: Option A

Solution (By JKSSB Mock Tests)

National Savings Certificate is issued by the Post Office.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The Green Revolution in India was primarily associated with:

A. organic farming

B. horticulture

C. increasing output of pulses

D. high-yielding varieties of wheat and rice

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Correct Answer: Option D

Explanation:
The Green Revolution introduced high-yielding varieties of wheat and rice.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' rate on air travel in business class is:

A. 12%

B. 5%

C. 28%

D. 18%

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Correct Answer: Option A

Explanation:
Business class air travel attracts 12% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' is considered a destination-based tax because:

A. tax is paid by the exporter

B. tax is collected only at the port

C. tax is collected where goods are produced

D. tax accrues to the state where goods are consumed

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Correct Answer: Option D

Explanation:
GST is destination-based, so tax revenue goes to the consuming state.

This question belongs to: Economy GK Economy Set 1

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