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This section includes 7 InterviewSolutions, each offering curated multiple-choice questions to sharpen your Current Affairs knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
What are the components of GST? |
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Answer» Components of GST: The component of GST are of 3 types. They are: CGST, SGST & IGST. 1. CGST: Collected by the Central Government on an intra – state sale (e.g. Within state/ union territory) 2. SGST: Collected by the State Government on an intra – state sale {e.g. Within state/ union territory) 3. IGST: Collected by the Central Government for inter – state sale {e.g. Maharashtra to Tamil Nadu) |
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| 2. |
Both Public Finance and Finance are based on rationality. (a) Private (b) Resource (c) Maximization (d) Private |
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Answer» Correct Answer is: (d) Private |
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| 3. |
Heavy Industries involves a huge …… and long gestation period. (a) Capital (b) Investment(c) Revenue (d) Finance |
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Answer» Heavy Industries involves a huge Capital and long gestation period. |
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| 4. |
The increase in ………… requires heavy expenditure on law and order, education and civic amentities.(a) Development project (b) Industrialization (c) Urbanisation (d) Public revenue |
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Answer» (c) Urbanisation |
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| 5. |
Finance Commission determines (a) The finances of Government of India (b) The resources transfer to the states (c) The resources transfer to the various departments (d) None of the ab |
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Answer» (b) The resources transfer to the states |
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