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

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

A. 5% economy and 12% business class

B. 18% for all classes

C. 5% for all classes

D. 12% for all classes

Answer: Option A

Solution (By JKSSB Mock Tests)

Economy class air travel is 5%, business class is 12%.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Income Tax Assessment' in India is done by:

A. Income Tax Department

B. RBI

C. SEBI

D. NITI Aayog

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Correct Answer: Option A

Explanation:
Income Tax assessment is done by the Income Tax Department.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Startup India' action plan was launched in which year?

A. 2014

B. 2016

C. 2017

D. 2018

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Correct Answer: Option B

Explanation:
Startup India was launched in January 2016.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a feature of the 'Job Guarantee' proposal?

A. Only private-sector job creation without public involvement

B. A public programme that offers employment at a living wage to anyone willing and able to work

C. Only unemployment insurance without job offers

D. Only training programmes without employment

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Correct Answer: Option B

Explanation:
A job-guarantee programme commits the public sector to provide a job at a basic living wage to every person who wants one, thereby eliminating involuntary unemployment and establishing an effective wage floor.

This question belongs to: Economy GK Economy Set 1

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