The 'Goods and Services Tax' on branded cereals is: MCQ with Answer and Explanation

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The 'Goods and Services Tax' on branded cereals is:

A. 12%

B. 5%

C. 18%

D. 0%

Answer: Option B

Solution (By JKSSB Mock Tests)

Branded cereals attract 5% GST, while unbranded are exempt.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

Which of the following is a tertiary sector activity?

A. Software services

B. Agriculture

C. Mining

D. Construction

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Correct Answer: Option A

Explanation:
Software services are part of the tertiary or services sector.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Organisation for Economic Co-operation and Development' is headquartered in:

A. London

B. Geneva

C. Paris

D. New York

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Correct Answer: Option C

Explanation:
OECD is headquartered in Paris.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'National Education Policy' of India was released in which year?

A. 2016

B. 2020

C. 1986

D. 2019

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Correct Answer: Option B

Explanation:
The National Education Policy was released in 2020.

This question belongs to: Economy GK Economy Set 1

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