The 'UDAY' scheme was launched by the Ministry of: MCQ with Answer and Explanation

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The 'UDAY' scheme was launched by the Ministry of:

A. Power

B. Rural Development

C. Finance

D. Petroleum

Answer: Option A

Solution (By JKSSB Mock Tests)

UDAY was launched by the Ministry of Power for DISCOM financial turnaround.

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 hotel accommodation above Rs 7,500 is:

A. 12%

B. 18%

C. 5%

D. 28%

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Correct Answer: Option B

Explanation:
Hotel rooms above Rs 7,500 attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' is levied on the supply of:

A. both goods and services

B. only imports

C. only services

D. only goods

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Correct Answer: Option A

Explanation:
GST is levied on the supply of both goods and services.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on Pradhan Mantri Suraksha Bima Yojana premium is:

A. exempt

B. 5%

C. 18%

D. 0%

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Correct Answer: Option A

Explanation:
PMSBY premium is exempt from GST.

This question belongs to: Economy GK Economy Set 1

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