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

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

A. 18%

B. 12%

C. 5%

D. 28%

Answer: Option A

Solution (By JKSSB Mock Tests)

Accounting services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' on IPL tickets is:

A. 5%

B. 0%

C. 28%

D. 18%

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Correct Answer: Option D

Explanation:
IPL tickets attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The apex institution for agricultural and rural credit in India is:

A. EXIM Bank

B. NABARD

C. SIDBI

D. RBI

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Correct Answer: Option B

Explanation:
NABARD is the apex institution for agricultural and rural credit.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is NOT a function of SEBI?

A. Promoting the development of the securities market

B. Protecting the interests of investors

C. Regulating the securities market

D. Issuing currency notes

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Correct Answer: Option D

Explanation:
Issuing currency notes is the function of RBI. SEBI regulates the securities market, protects investors and promotes the orderly development of the capital market.

This question belongs to: Economy GK Economy Set 1

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