The 'Prime Minister's Economic Advisory Council' was reconstituted in which year? MCQ with Answer and Explanation

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The 'Prime Minister's Economic Advisory Council' was reconstituted in which year?

A. 2020

B. 2014

C. 2017

D. 2019

Answer: Option C

Solution (By JKSSB Mock Tests)

The PMEAC was reconstituted in September 2017.

This question belongs to: Economy GK Economy Set 1

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Question #1

Pradhan Mantri Jan Dhan Yojana primarily aims at:

A. universal financial inclusion with bank accounts and RuPay cards

B. providing pensions to all

C. providing crop insurance

D. building infrastructure

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Correct Answer: Option A

Explanation:
PMJDY aims at financial inclusion by providing bank accounts, RuPay cards, overdraft and insurance.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on internet services is:

A. 5%

B. 18%

C. 28%

D. 12%

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Correct Answer: Option B

Explanation:
Internet services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on hotel accommodation Rs 1,000 to Rs 7,500 is:

A. 12%

B. 28%

C. 5%

D. 18%

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Correct Answer: Option A

Explanation:
Hotel rooms in this tariff range attract 12% GST.

This question belongs to: Economy GK Economy Set 1

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