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

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The 'Goods and Services Tax' on consulting services is:

A. 18%

B. 12%

C. 28%

D. 5%

Answer: Option A

Solution (By JKSSB Mock Tests)

Consulting 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 'World Development Report' is published by:

A. IMF

B. WTO

C. UNCTAD

D. World Bank

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Correct Answer: Option D

Explanation:
The World Development Report is published by the World Bank.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'demonstration effect' in consumption means:

A. people consume only basic goods

B. people copy the consumption patterns of others

C. people reduce consumption

D. people save more

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Correct Answer: Option B

Explanation:
The demonstration effect is the tendency to imitate the consumption patterns of others.

This question belongs to: Economy GK Economy Set 1

Question #3

In the context of the future of work, 'Platform Work' is characterised by:

A. Work organised through digital platforms that match workers with clients or tasks, often on a short-term or on-demand basis

B. Only agricultural work

C. Only traditional permanent employment

D. Only public-sector employment

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Correct Answer: Option A

Explanation:
Platform work is labour provided through, on or mediated by digital platforms, typically characterised by short-term tasks, algorithmic management and a triangular relationship between platform, worker and client.

This question belongs to: Economy GK Economy Set 1

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