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

Question
The 'Goods and Services Tax' on cable TV services is:
A. 12%
B. 5%
C. 28%
D. 18%
Answer: Option D
Solution (By JKSSB Mock Tests)
Cable TV 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 'Goods and Services Tax' compensation cess is collected by:
A. GST council
B. central government
C. state governments
D. local bodies
Discuss
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Correct Answer: Option B

Explanation:
Compensation cess is collected by the central government.
This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is a feature of the 'Buffer-Stock' theory of money demand?
A. Money demand is independent of uncertainty
B. Money is held only for speculative purposes
C. Individuals hold money as a buffer against unforeseen fluctuations in income and expenditure
D. Only the transactions motive matters and uncertainty is irrelevant
Discuss
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Correct Answer: Option C

Explanation:
Buffer-stock models emphasise that money balances serve as a short-run shock absorber, allowing agents to smooth consumption in the face of transitory income or expenditure shocks.
This question belongs to: Economy GK Economy Set 1
Question #3
In India, the two most commonly used price indices for measuring inflation are:
A. GDP deflator and HDI
B. IIP and PMI
C. BSE and NSE
D. WPI and CPI
Discuss
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Correct Answer: Option D

Explanation:
The Wholesale Price Index and Consumer Price Index are the two main inflation measures in India.
This question belongs to: Economy GK Economy Set 1
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