The 'Goods and Services Tax' on accounting services is: MCQ with Answer and Explanation

Question

Share Report Error

The 'Goods and Services Tax' on accounting services is:

A. 12%

B. 28%

C. 18%

D. 5%

Answer: Option C

Solution (By JKSSB Mock Tests)

Accounting services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

The 'European Central Bank' is headquartered in:

A. Frankfurt

B. Paris

C. Brussels

D. Berlin

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
The European Central Bank is headquartered in Frankfurt, Germany.

This question belongs to: Economy GK Economy Set 1

Question #2

The concept of 'Fiscal Multiplier' measures:

A. Only the change in the exchange rate

B. The change in output resulting from a unit change in government spending or taxes

C. Only the change in the money supply

D. Only the change in interest rates

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
The fiscal multiplier is the ratio of the change in real GDP to an exogenous change in the fiscal instrument (government purchases or taxes).

This question belongs to: Economy GK Economy Set 1

Question #3

Globalization in the Indian economic context means:

A. self-reliant village economy

B. nationalization of foreign companies

C. closing the economy to foreign trade

D. increasing integration with the world economy

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
Globalization means increasing integration of the Indian economy with the world economy.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs