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

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

A. 18%

B. 5%

C. 28%

D. 12%

Answer: Option A

Solution (By JKSSB Mock Tests)

Architectural services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' on services provided by RBI is:

A. 5%

B. 18%

C. exempt

D. 0%

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Correct Answer: Option C

Explanation:
RBI services are exempt from GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'stagflation' is a combination of:

A. high inflation and low unemployment

B. high inflation and high unemployment

C. low inflation and high unemployment

D. low inflation and low unemployment

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Correct Answer: Option B

Explanation:
Stagflation is high inflation combined with high unemployment and stagnant demand.

This question belongs to: Economy GK Economy Set 1

Question #3

A doubtful asset is one that has remained NPA for:

A. up to 6 months

B. less than 90 days

C. more than 12 months

D. up to 12 months

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Correct Answer: Option C

Explanation:
A doubtful asset has remained NPA for more than 12 months.

This question belongs to: Economy GK Economy Set 1

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