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. 5%

C. 12%

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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Currency appreciation generally makes exports:

A. more expensive in foreign currency

B. cheaper

C. free from tariffs

D. unchanged

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Correct Answer: Option A

Explanation:
When a currency appreciates, domestic goods become more expensive for foreign buyers, reducing exports.

This question belongs to: Economy GK Economy Set 1

Question #2

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Keynes' liquidity preference theory relates the demand for money to:

A. income only

B. exchange rate

C. prices only

D. interest rate and income

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Correct Answer: Option D

Explanation:
Liquidity preference theory says money demand depends on income and the interest rate.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Goods and Services Tax' on entertainment events is:

A. 12%

B. 18%

C. 5%

D. 28%

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Correct Answer: Option B

Explanation:
Entertainment events generally attract 18% GST.

This question belongs to: Economy GK Economy Set 1

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