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

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

A. 18%

B. 12%

C. 28%

D. 5%

Answer: Option B

Solution (By JKSSB Mock Tests)

Cab services attract 12% GST with input tax credit, or 5% without ITC under certain conditions.

This question belongs to: Economy GK Economy Set 1

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Question #1

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

A. 28%

B. 18%

C. 5%

D. 12%

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Correct Answer: Option B

Explanation:
Accounting services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Composition Scheme' under GST is available for service providers with turnover up to:

A. Rs 20 lakh

B. Rs 75 lakh

C. Rs 1.5 crore

D. Rs 50 lakh

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Correct Answer: Option D

Explanation:
Composition scheme for services is available up to Rs 50 lakh.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'National Rural Health Mission' was launched in:

A. 2000

B. 2010

C. 2005

D. 2013

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Correct Answer: Option C

Explanation:
NRHM was launched in 2005.

This question belongs to: Economy GK Economy Set 1

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