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

Question

Share Report Error

The 'Goods and Services Tax' on chocolates is:

A. 12%

B. 18%

C. 28%

D. 5%

Answer: Option B

Solution (By JKSSB Mock Tests)

Chocolates attract 18% 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

A mutual fund pools money from investors to invest in:

A. a diversified portfolio of securities

B. only real estate

C. only government bonds

D. only fixed deposits

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
A mutual fund invests pooled investor funds in a diversified portfolio of securities.

This question belongs to: Economy GK Economy Set 1

Question #2

Share Report

The 'Goods and Services Tax' on jewellery is:

A. 12%

B. 3%

C. 5%

D. 18%

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
Gold, silver and jewellery attract 3% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

Share Report

The Green Revolution in India was primarily associated with:

A. high-yielding varieties of wheat and rice

B. organic farming

C. horticulture

D. increasing output of pulses

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
The Green Revolution introduced high-yielding varieties of wheat and rice.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs