The 'Permanent Account Number' in India is issued by: MCQ with Answer and Explanation

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The 'Permanent Account Number' in India is issued by:

A. Income Tax Department

B. RBI

C. Ministry of Corporate Affairs

D. SEBI

Answer: Option A

Solution (By JKSSB Mock Tests)

PAN is issued by the Income Tax Department.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Goods and Services Tax' on sugar confectionery is:

A. 12%

B. 28%

C. 18%

D. 5%

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Correct Answer: Option C

Explanation:
Sugar confectionery attracts 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

Primary deficit is equal to fiscal deficit minus:

A. interest payments

B. capital expenditure

C. subsidies

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 #3

The 'Goods and Services Tax' return for monthly filing by regular dealers is:

A. GSTR-3B

B. GSTR-1

C. GSTR-4

D. GSTR-9

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Correct Answer: Option A

Explanation:
GSTR-3B is a monthly summary return for regular dealers.

This question belongs to: Economy GK Economy Set 1

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