The 'Union Territory Goods and Services Tax Act' was passed in which year? MCQ with Answer and Explanation

Question

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The 'Union Territory Goods and Services Tax Act' was passed in which year?

A. 2018

B. 2017

C. 2016

D. 2015

Answer: Option B

Solution (By JKSSB Mock Tests)

UTGST Act was passed in 2017.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'National Commission for Backward Classes' is constituted under which article?

A. Article 338

B. Article 338B

C. Article 342

D. Article 340

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Correct Answer: Option B

Explanation:
The National Commission for Backward Classes is constituted under Article 338B.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Index of Industrial Production' is released by:

A. NITI Aayog

B. Ministry of Statistics and Programme Implementation

C. Ministry of Finance

D. RBI

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Correct Answer: Option B

Explanation:
IIP is released by the Ministry of Statistics and Programme Implementation.

This question belongs to: Economy GK Economy Set 1

Question #3

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The Doha Development Round of WTO negotiations primarily focused on:

A. intellectual property only

B. concerns of developing countries

C. exchange rate management

D. military alliances

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Correct Answer: Option B

Explanation:
The Doha Round focused on development concerns of developing countries.

This question belongs to: Economy GK Economy Set 1

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