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

Question
The 'Goods and Services Tax' on ambulance services is:
A. 18%
B. exempt
C. 0%
D. 5%
Answer: Option B
Solution (By JKSSB Mock Tests)
Ambulance services are exempt from 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
Which of the following is a characteristic of the 'Mundell-Tobin Effect'?
A. Only monetary neutrality holds
B. Higher inflation can reduce the real interest rate and raise capital accumulation in some portfolio-balance models
C. Inflation always raises the real interest rate
D. Inflation has no effect on capital accumulation
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
The Mundell-Tobin effect suggests that an increase in expected inflation may lower the real return on money, inducing a portfolio shift toward real capital and thereby raising steady-state capital intensity.
This question belongs to: Economy GK Economy Set 1
Question #2
The 'income effect' of a price rise in a normal good leads to:
A. decreased purchase of the good
B. increased purchase of the good
C. purchase of inferior goods only
D. no change in purchase
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
A price rise reduces real income, so the income effect causes less purchase of a normal good.
This question belongs to: Economy GK Economy Set 1
Question #3
The 'Fifth Five Year Plan' period was:
A. 1969-1974
B. 1974-1979
C. 1980-1985
D. 1971-1976
Discuss
Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
The Fifth Five Year Plan covered 1974-1979.
This question belongs to: Economy GK Economy Set 1
Explore All Economy Set 1 MCQs
Today's Top Topics
Economy Set 1 2220
Explore Subjects
Geography GK 6121 Economy GK 2220 Computer 5279 Maths 5575 Accountancy and Statistics 3179
Practice Mix
The 'Tarapur' is famous for:
The rate at which Rs. 36000 amounts to Rs. 46800 in 3 years is
The 'Gandhian Plan' for economic development was formulated by?
Average of 12 numbers 620. If average of 8 is 615, average of remaining 4?
Only ___ minority of students failed.