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

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

A. 12%

B. 5%

C. 28%

D. 18%

Answer: Option D

Solution (By JKSSB Mock Tests)

Broadcasting services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'SFURTI' scheme is related to:

A. urban housing

B. rural roads

C. traditional industries clusters

D. banking

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Correct Answer: Option C

Explanation:
SFURTI promotes cluster development of traditional industries.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on services by diplomatic missions is:

A. 5%

B. 0%

C. 18%

D. exempt

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Correct Answer: Option D

Explanation:
Services by diplomatic missions are exempt from GST.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a feature of the Indian fiscal federalism?

A. Division of tax powers between Centre and States with Finance Commission recommendations

B. Only states collect all major taxes

C. Absence of any sharing of taxes

D. Complete centralisation of all taxes

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Correct Answer: Option A

Explanation:
Indian fiscal federalism involves constitutional division of tax bases between the Centre and States, with the Finance Commission recommending the sharing of divisible taxes and grants.

This question belongs to: Economy GK Economy Set 1

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