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

Question

Share Report Error

The 'Goods and Services Tax' on casinos is:

A. 28%

B. 12%

C. 5%

D. 18%

Answer: Option A

Solution (By JKSSB Mock Tests)

Casino services attract 28% GST.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

Share Report

The 'MUDRA' loan category 'Tarun' covers loans from:

A. Rs 5 lakh to Rs 10 lakh

B. above Rs 10 lakh

C. Rs 1 lakh to Rs 5 lakh

D. up to Rs 50,000

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
MUDRA categories are Shishu up to Rs 50,000, Kishor Rs 50,000 to Rs 5 lakh, Tarun Rs 5 lakh to Rs 10 lakh.

This question belongs to: Economy GK Economy Set 1

Question #2

Share Report

Under a floating exchange rate system, a fall in the external value of a currency due to market forces is called:

A. devaluation

B. revaluation

C. depreciation

D. appreciation

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
A market-driven fall in the external value of a currency is called depreciation.

This question belongs to: Economy GK Economy Set 1

Question #3

Share Report

The 'Consolidated Fund of India' includes:

A. only borrowing

B. all government revenues, borrowings and loans received

C. only tax revenues

D. only foreign aid

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
The Consolidated Fund of India includes all government revenues, borrowings and receipts.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs