The 'Goods and Services Tax' does not apply to: MCQ with Answer and Explanation

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The 'Goods and Services Tax' does not apply to:

A. goods and services

B. imports

C. interstate supplies

D. alcoholic liquor for human consumption

Answer: Option D

Solution (By JKSSB Mock Tests)

Alcoholic liquor for human consumption is outside GST.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Global Gender Gap Report' is published by:

A. UN Women

B. World Bank

C. World Economic Forum

D. UNDP

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Correct Answer: Option C

Explanation:
The Global Gender Gap Report is published by the World Economic Forum.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'State Goods and Services Tax' is levied by:

A. state government

B. RBI

C. local bodies

D. central government

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Correct Answer: Option A

Explanation:
SGST is levied by state governments on intra-state supply.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Atal Innovation Mission' is part of:

A. SEBI

B. NITI Aayog

C. Make in India

D. Ministry of Finance

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Correct Answer: Option B

Explanation:
Atal Innovation Mission is a NITI Aayog initiative.

This question belongs to: Economy GK Economy Set 1

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