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

Question

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

A. 28%

B. 12%

C. 5%

D. 18%

Answer: Option D

Solution (By JKSSB Mock Tests)

BPO services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Goods and Services Tax' on services by foreign diplomatic mission in India is:

A. 18%

B. 0%

C. exempt

D. 5%

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Correct Answer: Option C

Explanation:
Services by foreign diplomatic missions are exempt from GST.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'One District One Product' initiative aims to promote:

A. district-specific products and exports

B. uniform industrial policy

C. single tax rate

D. uniform education

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Correct Answer: Option A

Explanation:
One District One Product promotes production of unique products in each district for economic development and exports.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Goods and Services Tax' on renting of residential property for commercial use is:

A. 0%

B. 5%

C. 12%

D. 18%

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Correct Answer: Option D

Explanation:
Renting residential property for commercial use attracts 18% GST.

This question belongs to: Economy GK Economy Set 1

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