The 'Goods and Services Tax' on butter and ghee is: MCQ with Answer and Explanation

Question

Share Report Error

The 'Goods and Services Tax' on butter and ghee is:

A. 12%

B. 18%

C. 5%

D. 28%

Answer: Option A

Solution (By JKSSB Mock Tests)

Butter and ghee attract 12% GST.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

The 'Twelfth Five Year Plan' period was:

A. 2007-2012

B. 2017-2022

C. 2010-2015

D. 2012-2017

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
The Twelfth Five Year Plan covered 2012-2017.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Merchandise Exports from India Scheme' was replaced by which scheme?

A. SEIS

B. RoDTEP

C. EPCG

D. Advance Authorization

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
MEIS was replaced by the Remission of Duties and Taxes on Exported Products scheme.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on banking services to government is:

A. 0%

B. 12%

C. 18%

D. 5%

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
Banking services to government attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs