The 'Goods and Services Tax' on actionable claims such as lottery, betting and gambling is: MCQ with Answer and Explanation

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The 'Goods and Services Tax' on actionable claims such as lottery, betting and gambling is:

A. 18%

B. 5%

C. 12%

D. 28%

Answer: Option D

Solution (By JKSSB Mock Tests)

Actionable claims like lottery, betting and gambling attract 28% GST.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' rate on cinema tickets below Rs 100 is:

A. 12%

B. 5%

C. 28%

D. 18%

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Correct Answer: Option A

Explanation:
Cinema tickets up to Rs 100 attract 12% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Tobin tax' is a proposed tax on:

A. income

B. property

C. imports

D. short-term foreign exchange transactions

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Correct Answer: Option D

Explanation:
A Tobin tax is a tax on short-term foreign exchange transactions to reduce speculative flows.

This question belongs to: Economy GK Economy Set 1

Question #3

The Human Development Index is published by:

A. UNDP

B. WTO

C. IMF

D. World Bank

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Correct Answer: Option A

Explanation:
The Human Development Index is published by the United Nations Development Programme.

This question belongs to: Economy GK Economy Set 1

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