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

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The 'Goods and Services Tax' on charitable activities is:

A. exempt for specified charitable activities

B. 5%

C. 0%

D. 18%

Answer: Option A

Solution (By JKSSB Mock Tests)

Specified charitable activities are exempt from GST.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'National Savings Certificate' is issued by:

A. Commercial banks

B. SEBI

C. Post Office

D. RBI

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Correct Answer: Option C

Explanation:
National Savings Certificate is issued by the Post Office.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' Council decisions are implemented by:

A. central and state governments through respective GST laws

B. RBI

C. Supreme Court

D. SEBI

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Correct Answer: Option A

Explanation:
Central and state governments implement GST Council recommendations through their GST laws.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'literacy rate' in the Indian census is defined for persons aged:

A. 7 years and above

B. 18-60 years

C. 0-6 years

D. 15-35 years

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Correct Answer: Option A

Explanation:
The literacy rate is calculated for the population aged 7 years and above.

This question belongs to: Economy GK Economy Set 1

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