The 'Goods and Services Tax' on demerit goods is generally: MCQ with Answer and Explanation

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The 'Goods and Services Tax' on demerit goods is generally:

A. 5%

B. 28% plus cess

C. 18%

D. 12%

Answer: Option B

Solution (By JKSSB Mock Tests)

Demerit goods like tobacco and aerated drinks attract 28% plus cess.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Global Competitiveness Report' is published by:

A. UNCTAD

B. World Economic Forum

C. IMF

D. World Bank

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Correct Answer: Option B

Explanation:
The Global Competitiveness Report is published by the World Economic Forum.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a feature of 'Privacy-Enhancing Technologies'?

A. Only encryption without any other tools

B. Only complete data anonymisation that destroys all utility

C. Technologies that maximise data collection without safeguards

D. Technical methods that allow data to be used while minimising the exposure of personal information

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Correct Answer: Option D

Explanation:
Privacy-enhancing technologies (PETs) comprise a range of technical approaches—such as differential privacy, homomorphic encryption and secure multi-party computation—that enable data analysis while protecting individual privacy.

This question belongs to: Economy GK Economy Set 1

Question #3

Zero-based budgeting requires that:

A. every expenditure item is justified from zero each year

B. previous year's budget is the base for all allocations

C. only capital expenditure is budgeted

D. deficit is zero

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Correct Answer: Option A

Explanation:
Zero-based budgeting requires all expenditures to be justified from zero each budget period.

This question belongs to: Economy GK Economy Set 1

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