Which of the following is a non-debt capital receipt? MCQ with Answer and Explanation

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Which of the following is a non-debt capital receipt?

A. Disinvestment proceeds

B. Treasury bills issued

C. Borrowings from the market

D. External loans

Answer: Option A

Solution (By JKSSB Mock Tests)

Disinvestment proceeds are non-debt capital receipts as they involve sale of assets and do not create a future repayment liability.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

Who is the ex-officio Chairperson of NITI Aayog?

A. Finance Minister

B. Prime Minister

C. President

D. Vice President

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Correct Answer: Option B

Explanation:
The Prime Minister is the ex-officio Chairperson of NITI Aayog.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on services provided by journalists is:

A. 18%

B. 5%

C. 12%

D. 0%

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Correct Answer: Option A

Explanation:
Journalist services attract 18% GST unless exempt.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' was first proposed in India by:

A. Narasimham Committee

B. Gadgil Committee

C. Kelkar Task Force on FRBM? Actually Chelliah Committee

D. RBI

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Correct Answer: Option C

Explanation:
GST was first proposed by the Chelliah Committee on tax reforms, not Kelkar.

This question belongs to: Economy GK Economy Set 1

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