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. 18%

B. 12%

C. 5%

D. 28%

Answer: Option A

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 'seigniorage' revenue for a government arises from:

A. selling public assets

B. tax collection

C. borrowing from abroad

D. issuing currency

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Correct Answer: Option D

Explanation:
Seigniorage is the profit from issuing currency, the difference between face value and production cost.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Pradhan Mantri Ujjwala Yojana' was launched in:

A. 2016

B. 2018

C. 2014

D. 2017

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Correct Answer: Option A

Explanation:
PMUY was launched in 2016.

This question belongs to: Economy GK Economy Set 1

Question #3

The term 'Financial Inclusion' primarily aims at:

A. Providing banking services only to high-income groups

B. Ensuring access to financial services for all sections of society at affordable cost

C. Restricting credit to priority sectors

D. Increasing interest rates for small borrowers

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Correct Answer: Option B

Explanation:
Financial inclusion seeks to ensure that individuals and businesses, especially the underserved, have access to useful and affordable financial products and services.

This question belongs to: Economy GK Economy Set 1

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