The 'Goods and Services Tax' on dance and music performances is: MCQ with Answer and Explanation

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The 'Goods and Services Tax' on dance and music performances is:

A. 0%

B. 12%

C. 18%

D. 5%

Answer: Option C

Solution (By JKSSB Mock Tests)

Dance and music performances generally attract 18% GST, with some exemptions.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

Stagflation refers to a situation of:

A. high inflation and high growth

B. high inflation and high unemployment

C. low inflation and high growth

D. deflation and high growth

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Correct Answer: Option B

Explanation:
Stagflation is a combination of stagnation (high unemployment) and inflation.

This question belongs to: Economy GK Economy Set 1

Question #2

The Goods and Services Tax was introduced through which Constitutional Amendment Act?

A. 100th

B. 99th

C. 101st

D. 102nd

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Correct Answer: Option C

Explanation:
GST was introduced through the 101st Constitutional Amendment Act, 2016.

This question belongs to: Economy GK Economy Set 1

Question #3

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

A. 5%

B. 28%

C. 18%

D. 12%

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Correct Answer: Option C

Explanation:
Audit services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

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