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

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

A. 5%

B. 28%

C. 18%

D. 12%

Answer: Option C

Solution (By JKSSB Mock Tests)

Courier 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

Basel III norms primarily focus on:

A. priority sector lending

B. agricultural credit

C. interest rate deregulation

D. capital adequacy, leverage and liquidity of banks

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Correct Answer: Option D

Explanation:
Basel III norms strengthen capital adequacy, leverage and liquidity requirements for banks.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Investment Facilitation Cell' under Invest India assists:

A. stock brokers

B. domestic farmers

C. pensioners

D. investors in obtaining approvals

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Correct Answer: Option D

Explanation:
Invest India's Investment Facilitation Cell helps investors with approvals and clearances.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'injection' into the circular flow in a three-sector economy includes:

A. government expenditure and investment

B. imports

C. saving

D. taxes

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Correct Answer: Option A

Explanation:
In a three-sector economy, injections include investment and government expenditure.

This question belongs to: Economy GK Economy Set 1

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