The 'Payment of Bonus Act' was enacted in India in which year? MCQ with Answer and Explanation

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The 'Payment of Bonus Act' was enacted in India in which year?

A. 1976

B. 1956

C. 1972

D. 1965

Answer: Option D

Solution (By JKSSB Mock Tests)

The Payment of Bonus Act was enacted in 1965.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' on health care services is:

A. 18%

B. exempt

C. 5%

D. 0%

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Correct Answer: Option B

Explanation:
Health care services are exempt from GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'countervailing duty' is imposed to countervail:

A. dumping

B. high tariffs

C. currency depreciation

D. foreign export subsidies

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Correct Answer: Option D

Explanation:
Countervailing duties offset foreign subsidies on exports.

This question belongs to: Economy GK Economy Set 1

Question #3

NSDL and CDSL are depositories for:

A. foreign exchange reserves

B. dematerialized securities

C. bank deposits

D. government cash balances

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Correct Answer: Option B

Explanation:
NSDL and CDSL are the two depositories that hold securities in dematerialized form.

This question belongs to: Economy GK Economy Set 1

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