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. 28%

B. 18%

C. 12%

D. 5%

Answer: Option B

Solution (By JKSSB Mock Tests)

Courier services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Payment of Bonus Act' was enacted in India in which year?

A. 1965

B. 1972

C. 1956

D. 1976

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Correct Answer: Option A

Explanation:
The Payment of Bonus Act was enacted in 1965.

This question belongs to: Economy GK Economy Set 1

Question #2

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Which of the following is an example of a positive externality in production?

A. Pollution from a factory

B. Bee-keeping near an apple orchard

C. Congestion on public roads

D. Noise from an airport

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Correct Answer: Option B

Explanation:
Bee-keeping provides pollination benefits to nearby apple orchards without compensation, representing a positive production externality.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Full Budget' is presented after the interim budget when:

A. elections are complete and the new government takes office

B. the RBI requests

C. the President orders

D. the Supreme Court orders

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Correct Answer: Option A

Explanation:
The new government presents a full budget after taking office.

This question belongs to: Economy GK Economy Set 1

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