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

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The 'Goods and Services Tax' on data processing services is:

A. 18%

B. 12%

C. 5%

D. 28%

Answer: Option A

Solution (By JKSSB Mock Tests)

Data processing 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 'Goods and Services Tax' on takeaway food from restaurants is:

A. 28%

B. 5%

C. 12%

D. 18%

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Correct Answer: Option B

Explanation:
Takeaway food from restaurants attracts 5% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Index of Industrial Production' is published with a time lag of about:

A. six weeks

B. one quarter

C. one week

D. one month

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Correct Answer: Option D

Explanation:
IIP is released with a lag of about one month.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on hotel accommodation below Rs 1,000 is:

A. 0%

B. 5%

C. exempt

D. 12%

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Correct Answer: Option C

Explanation:
Hotel rooms with tariff below Rs 1,000 are exempt from GST.

This question belongs to: Economy GK Economy Set 1

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