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

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The 'Goods and Services Tax' on call centre services is:

A. 18%

B. 5%

C. 28%

D. 12%

Answer: Option A

Solution (By JKSSB Mock Tests)

Call centre 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 term 'Managed Floating' exchange rate system means that:

A. The exchange rate is rigidly fixed by the government

B. There is no role whatsoever for the central bank

C. The exchange rate is fixed in terms of gold only

D. The exchange rate is largely market-determined with occasional central bank intervention

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Correct Answer: Option D

Explanation:
Under a managed float, the exchange rate is primarily determined by market forces, but the central bank intervenes from time to time to prevent excessive volatility or disorderly movements.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Agricultural and Processed Food Products Export Development Authority' promotes exports of:

A. petroleum products

B. agricultural and processed food products

C. textiles

D. machinery

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Correct Answer: Option B

Explanation:
APEDA promotes exports of agricultural and processed food products.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' was first proposed in India by which committee?

A. Gadgil Committee

B. Rangarajan Committee

C. Chelliah Committee

D. Narasimham Committee

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Correct Answer: Option C

Explanation:
The Chelliah Committee first recommended GST in India.

This question belongs to: Economy GK Economy Set 1

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