The 'spot market' in foreign exchange deals with: MCQ with Answer and Explanation

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The 'spot market' in foreign exchange deals with:

A. immediate delivery of currencies

B. options only

C. futures only

D. future delivery of currencies

Answer: Option A

Solution (By JKSSB Mock Tests)

Spot foreign exchange transactions involve immediate delivery of currencies.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Central Vigilance Commission' is a:

A. statutory body

B. private body

C. constitutional body

D. judicial body

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Correct Answer: Option A

Explanation:
The Central Vigilance Commission is a statutory body.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on digital advertising is:

A. 5%

B. 12%

C. 28%

D. 18%

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Correct Answer: Option D

Explanation:
Digital advertising services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'GST' regime has not subsumed which central tax?

A. Special additional customs duty

B. Basic customs duty

C. Service tax

D. Additional excise duty

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Correct Answer: Option B

Explanation:
Basic customs duty remains outside GST.

This question belongs to: Economy GK Economy Set 1

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