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

Question

Share Report Error

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

A. 18%

B. 28%

C. 12%

D. 5%

Answer: Option A

Solution (By JKSSB Mock Tests)

Airport services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

Share Report

The 'systemically important financial institution' is one whose failure could:

A. have no effect on the economy

B. benefit other banks

C. trigger a systemic crisis

D. reduce inflation

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
A systemically important institution is too big or interconnected to fail without causing systemic risk.

This question belongs to: Economy GK Economy Set 1

Question #2

Share Report

Which of the following is a characteristic of a developed financial market?

A. Low liquidity

B. Wide range of financial instruments

C. Limited participation of institutions

D. High transaction costs

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
Developed financial markets offer a wide range of instruments, high liquidity, low transaction costs and broad institutional participation.

This question belongs to: Economy GK Economy Set 1

Question #3

Share Report

The 'Goods and Services Tax' on cheese is:

A. 5%

B. 28%

C. 12%

D. 18%

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
Cheese attracts 12% GST.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs