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. 5%

B. 18%

C. 12%

D. 28%

Answer: Option B

Solution (By JKSSB Mock Tests)

Call centre services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Goods and Services Tax' rate on footwear above Rs 1,000 is:

A. 5%

B. 28%

C. 18%

D. 12%

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Correct Answer: Option C

Explanation:
Footwear above Rs 1,000 attracts 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

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Internal economies of scale arise due to:

A. expansion of the firm itself

B. government subsidies

C. increase in demand

D. expansion of the industry

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Correct Answer: Option A

Explanation:
Internal economies of scale arise from the expansion of the individual firm itself.

This question belongs to: Economy GK Economy Set 1

Question #3

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In the context of cost-benefit analysis, a project is considered viable if:

A. Only financial costs are considered without social costs

B. Present value of benefits exceeds present value of costs

C. Only private benefits are considered

D. Present value of costs exceeds present value of benefits

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Correct Answer: Option B

Explanation:
In cost-benefit analysis, a project is economically viable if the present value of its benefits exceeds the present value of its costs (Net Present Value > 0).

This question belongs to: Economy GK Economy Set 1

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