The 'Regional Comprehensive Economic Partnership' was signed in which year? MCQ with Answer and Explanation

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The 'Regional Comprehensive Economic Partnership' was signed in which year?

A. 2020

B. 2022

C. 2021

D. 2015

Answer: Option A

Solution (By JKSSB Mock Tests)

RCEP was signed in November 2020.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' on two-wheelers is:

A. 18%

B. 28% plus cess

C. 12%

D. 28%

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Correct Answer: Option D

Explanation:
Two-wheelers attract 28% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'base year' for the current WPI series is:

A. 2004-05

B. 2011-12

C. 2015-16

D. 2019-20

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Correct Answer: Option B

Explanation:
The current WPI series uses base year 2011-12.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Trade Receivables Discounting System' platform helps MSMEs by:

A. discounting their receivables from corporate buyers

B. providing direct subsidies

C. insuring their factories

D. providing land

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Correct Answer: Option A

Explanation:
TReDS helps MSMEs obtain working capital by discounting their receivables.

This question belongs to: Economy GK Economy Set 1

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