The 'Goods and Services Tax' on aerated drinks is: MCQ with Answer and Explanation

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The 'Goods and Services Tax' on aerated drinks is:

A. 12%

B. 18%

C. 28% plus cess

D. 5%

Answer: Option C

Solution (By JKSSB Mock Tests)

Aerated drinks attract 28% GST plus compensation cess.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Total Fertility Rate' is the average number of children born to a woman over her lifetime.

A. True

B. False

C. Only for working women

D. Only for urban women

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Correct Answer: Option A

Explanation:
Total fertility rate is the average number of children a woman would have during her reproductive life.

This question belongs to: Economy GK Economy Set 1

Question #2

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The concept of 'Time Preference' is central to the theory of:

A. Profit

B. Wages

C. Rent

D. Interest

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Correct Answer: Option D

Explanation:
The time preference theory of interest explains the rate of interest as arising from the preference of individuals for present consumption over future consumption.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Pradhan Mantri Mudra Yojana' is implemented through which institutions?

A. Insurance companies

B. NABARD only

C. Post offices only

D. Banks, NBFCs, MFIs and other intermediaries

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Correct Answer: Option D

Explanation:
MUDRA loans are provided through banks, NBFCs, microfinance institutions and other intermediaries.

This question belongs to: Economy GK Economy Set 1

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