Sail E0 Webinar

General Knowledge

ECONOMY MCQs

Total Questions : 102 | Page 2 of 11 pages
Question 11. What is the position of India by GDP (nominal) according to International Monetary Fund list, 2012
  1.    Third
  2.    Fifth
  3.    Tenth
  4.    Twelve
 Discuss Question
Answer: Option C. -> Tenth




Question 12. In which year India adopted liberal and free-market principles
  1.    1991
  2.    1993
  3.    1995
  4.    1997
 Discuss Question
Answer: Option A. -> 1991




Question 13. Which bank is the first to introduce ATM in India
  1.    HSBC
  2.    ICICI
  3.    SBI
  4.    UCO Bank
 Discuss Question
Answer: Option A. -> HSBC




Question 14. Which sector is the largest source of employment in India
  1.    Textile
  2.    Agriculture
  3.    Services
  4.    Tourism
 Discuss Question
Answer: Option B. -> Agriculture




Question 15. Which one from below is one of the four cities where coins are produce
  1.    Bangalore
  2.    Hyderabad
  3.    Pune
  4.    Chennai
 Discuss Question
Answer: Option B. -> Hyderabad




Question 16. Which of the following is statement is not correct about GST?
  1.    GST is like a last-point retail tax. GST is going to be collected at point of Sale.
  2.    GST will abolish all the direct tax levied in India
  3.    It will be implemented from 1 July, 2017 throughout the country.
  4.    It will unified the tax structure in India
 Discuss Question
Answer: Option B. -> GST will abolish all the direct tax levied in India


GST will abolish all the Indirect Tax levied in India.


Question 17. The concept of Goods and Services Tax (GST) is originated in¦¦¦..
  1.    Canada
  2.    USA
  3.    Britain
  4.    Germany
 Discuss Question
Answer: Option A. -> Canada




Question 18. Which of the following tax will be abolished by the GST?
  1.    Service Tax
  2.    Corporation tax
  3.    Income Tax
  4.    Wealth Tax
 Discuss Question
Answer: Option A. -> Service Tax


GST will subsume all the indirect taxes applicable in India. Service tax is an indirect tax so it will be abolished throughout India.


Question 19. Which of the following tax rate is not applicable under the GST?
  1.    5
  2.    12
  3.    18
  4.    25
 Discuss Question
Answer: Option D. -> 25


GST will comprise five basic rates: 0 percent, 5 percent, 12 percent, 18 percent and 28 percent.


Question 20. GST will be levied on¦¦¦¦¦¦..
  1.    Manufacturers
  2.    Retailers
  3.    Consumers
  4.    All of the above
 Discuss Question
Answer: Option D. -> All of the above




Latest Videos
Chapter 1 - GLOBAL STEEL SCENARIO & INDIAN STEEL INDUSTRY Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)
Direction Sense Test Part 1 Reasoning (Hindi)
Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE
Cube & Cuboid Part 1 Reasoning (Hindi)
Data Interpretation (DI) Basic Concept Reasoning (Hindi)
Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)
Sail E0 free webinar Webinars
Real Numbers Part 7 Class 10 Maths
Real Numbers Part 1 Class 10 Maths
Polynomials Part 1 Class 10 Maths

Latest Test Papers

Pie Chart - Test Paper 1 Data Interpretation Reasoning & DI
Tabulation - Test Paper 2 Data Interpretation Reasoning & DI
Test Paper 1 Direction Sense Test Reasoning & DI
ICA , RDIC,GFM Free Modal Test Paper - Non - Technical Branch Old Syllabus 2022 - SAIL Junior Officer E0
GFM Combined 1 Free Revision Test SAIL JO E-0