The 'Reverse Charge Mechanism' under GST shifts the tax liability to: MCQ with Answer and Explanation

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The 'Reverse Charge Mechanism' under GST shifts the tax liability to:

A. supplier

B. GST council

C. recipient

D. government

Answer: Option C

Solution (By JKSSB Mock Tests)

Under reverse charge, the recipient of goods or services pays the tax.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Equal Remuneration Act' was enacted in India in which year?

A. 1980

B. 1970

C. 1986

D. 1976

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Correct Answer: Option D

Explanation:
The Equal Remuneration Act was enacted in 1976.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'UNCTAD' headquarters is in:

A. Paris

B. New York

C. Geneva

D. Vienna

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Correct Answer: Option C

Explanation:
UNCTAD headquarters is in Geneva.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'People's Bank of China' is the central bank of:

A. China

B. India

C. Vietnam

D. Japan

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Correct Answer: Option A

Explanation:
The People's Bank of China is China's central bank.

This question belongs to: Economy GK Economy Set 1

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