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

Question

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

A. 0%

B. 18%

C. exempt

D. 5%

Answer: Option C

Solution (By JKSSB Mock Tests)

Ambulance services are exempt from GST.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'National Manufacturing Policy' was released in which year?

A. 2017

B. 2014

C. 2011

D. 2005

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Correct Answer: Option C

Explanation:
The National Manufacturing Policy was released in 2011.

This question belongs to: Economy GK Economy Set 1

Question #2

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Which of the following is a characteristic of the 'Global Savings Glut' hypothesis?

A. A global shortage of saving

B. Capital flows were irrelevant

C. Only domestic factors determined interest rates

D. A surplus of global saving relative to investment contributed to low interest rates and capital flows into deficit countries

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Correct Answer: Option D

Explanation:
The global-savings-glut hypothesis, advanced by Ben Bernanke, attributes the low long-term interest rates and large current-account deficits of some countries in the 2000s partly to excess saving in emerging Asia and oil-exporting economies.

This question belongs to: Economy GK Economy Set 1