The 'Goods and Services Tax' on air travel business class is: MCQ with Answer and Explanation

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The 'Goods and Services Tax' on air travel business class is:

A. 18%

B. 12%

C. 28%

D. 5%

Answer: Option B

Solution (By JKSSB Mock Tests)

Business class air travel is 12% GST.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' was launched in India on which date?

A. 1 July 2017

B. 1 January 2017

C. 1 April 2017

D. 15 August 2017

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Correct Answer: Option A

Explanation:
GST was launched on 1 July 2017.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'NITI Aayog' full form is:

A. National Institution for Transforming India

B. National Institute for Transforming India

C. National Integrated Transport Institute

D. National Initiative for Trade and Industry

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Correct Answer: Option A

Explanation:
NITI stands for National Institution for Transforming India.

This question belongs to: Economy GK Economy Set 1

Question #3

In the context of global digital governance, the 'Digital Services Act' of the European Union focuses on:

A. Only data-protection rules

B. Harmonised rules for intermediary services regarding content moderation, transparency and accountability

C. Only competition rules for gatekeepers

D. Only e-commerce contract law

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Correct Answer: Option B

Explanation:
The Digital Services Act establishes a horizontal framework of due-diligence, transparency and accountability obligations for digital intermediary services, including online platforms, with respect to illegal content and systemic risks.

This question belongs to: Economy GK Economy Set 1

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