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

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

A. exempt

B. 18%

C. 0%

D. 5%

Answer: Option A

Solution (By JKSSB Mock Tests)

Ambulance services are exempt from GST.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'United Nations' headquarters is in:

A. Vienna

B. New York

C. Geneva

D. Paris

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Correct Answer: Option B

Explanation:
UN headquarters is in New York.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a feature of the Indian labour market?

A. Dominance of formal sector employment only

B. Uniform wages across sectors

C. Complete absence of unemployment

D. Large share of informal employment and dualism

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Correct Answer: Option D

Explanation:
The Indian labour market is characterised by a large informal sector, dualism between formal and informal employment, and significant underemployment.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Money Bill' under Article 110 includes matters related to:

A. foreign affairs

B. defence

C. police

D. taxation, borrowing, expenditure from Consolidated Fund

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Correct Answer: Option D

Explanation:
Money Bill deals with taxes, borrowing, custody of Consolidated Fund, etc.

This question belongs to: Economy GK Economy Set 1

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