The 'Goods and Services Tax' on art and culture events is: MCQ with Answer and Explanation

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The 'Goods and Services Tax' on art and culture events is:

A. 0%

B. 5%

C. 12%

D. 18%

Answer: Option D

Solution (By JKSSB Mock Tests)

Art and culture events generally attract 18% GST, with some exemptions.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' on intellectual property rights services is:

A. 18%

B. 12%

C. 5%

D. 28%

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Correct Answer: Option A

Explanation:
IPR services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Employees' Provident Fund' contribution is deposited by:

A. employee only

B. employer only

C. government only

D. both employer and employee

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Correct Answer: Option D

Explanation:
EPF contribution is made by both employer and employee.

This question belongs to: Economy GK Economy Set 1

Question #3

National Population Policy 2000 aims to achieve replacement level fertility by:

A. 2045

B. 2020

C. 2015

D. 2010

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Correct Answer: Option D

Explanation:
The National Population Policy 2000 aimed to achieve replacement level fertility by 2010.

This question belongs to: Economy GK Economy Set 1

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