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Economics: By: Tej Pratap Singh Selected Assistant Audit Officer in CAG
Economics: By: Tej Pratap Singh Selected Assistant Audit Officer in CAG
In other words, we can say that the reverse repo is the rate
charged by the Commercial Banks in India to park their excess
money with RBI for a short-term period. Reverse Repo Rate is
an important instrument of the monetary policy which control the
money supply in the country.
Regional Rural Bank:
• Set up in 2 October 1975.
Structure:
•Dual GST: It is a dual GST with the Centre and the States simultaneously levying tax on a common
base. GST to be levied by the Centre is called Central GST (CGST) and that to be levied by the
States is called State GST (SGST).
•Central GST to cover Excise duty, Service tax etc, State GST to
cover VAT, luxury tax etc.
•Integrated GST to cover inter-state trade. IGST per se is not a
tax but a system to coordinate state and union taxes.
•GST Council (Article 279A)
Options:
1) 100
2) 101
3) 102
4) 105
Correct Answer: 101
QID : 291 - Who is the chairman of GST Council?
Options:
1. Arun Jaitely
2. Pranab Mukherjee
3. Narendra Modi
4. Ram Nath Kovind
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