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

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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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Question #1

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Which of the following is a major objective of the Goods and Services Tax in India?

A. To increase cascading of taxes

B. To eliminate all central taxes

C. To increase the number of indirect taxes

D. To create a unified national market and reduce cascading effect

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Correct Answer: Option D

Explanation:
GST aims to create a common national market, eliminate the cascading effect of taxes through input tax credit, and simplify the indirect tax structure.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Goods and Services Tax' rate on water supply is:

A. 0%

B. not under GST

C. 18%

D. 5%

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Correct Answer: Option A

Explanation:
Water supply through public taps is exempt from GST.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Reverse repo rate' is the rate at which RBI:

A. lends to the government

B. borrows from banks against government securities

C. rediscounts bills

D. lends to banks

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Correct Answer: Option B

Explanation:
Reverse repo is the rate at which RBI borrows from banks against government securities.

This question belongs to: Economy GK Economy Set 1

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