The 'Goods and Services Tax' on alcohol for human consumption is: MCQ with Answer and Explanation

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The 'Goods and Services Tax' on alcohol for human consumption is:

A. 0%

B. not under GST

C. 18%

D. 5%

Answer: Option B

Solution (By JKSSB Mock Tests)

Alcoholic liquor for human consumption is outside GST.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Sarva Shiksha Abhiyan' was launched in:

A. 1995

B. 2010

C. 2005

D. 2001

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Correct Answer: Option D

Explanation:
Sarva Shiksha Abhiyan was launched in 2001.

This question belongs to: Economy GK Economy Set 1

Question #2

The immediate cause of the 1991 economic crisis in India was:

A. industrial stagnation

B. a severe drought

C. fall in agricultural production

D. a balance of payments crisis

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Correct Answer: Option D

Explanation:
The 1991 economic crisis was triggered by a severe balance of payments crisis.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Index of Industrial Production' covers which sectors?

A. Mining, manufacturing and electricity

B. Services

C. Agriculture and forestry

D. Only manufacturing

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Correct Answer: Option A

Explanation:
IIP covers mining, manufacturing and electricity.

This question belongs to: Economy GK Economy Set 1

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