The 'World Economic Forum' was established in which year? MCQ with Answer and Explanation

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The 'World Economic Forum' was established in which year?

A. 1971

B. 1980

C. 1990

D. 1965

Answer: Option A

Solution (By JKSSB Mock Tests)

WEF was established in 1971.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Goods and Services Tax' on hotel rooms with tariff above Rs 7,500 is:

A. 28%

B. 18%

C. 12%

D. 5%

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Correct Answer: Option B

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

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Goods and Services Tax' on edible oils is:

A. 0%

B. 5%

C. 12%

D. 18%

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Correct Answer: Option B

Explanation:
Edible oils attract 5% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'World Trade Organization' replaced GATT in which year?

A. 1997

B. 2000

C. 1995

D. 1993

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Correct Answer: Option C

Explanation:
WTO replaced GATT on 1 January 1995.

This question belongs to: Economy GK Economy Set 1

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