The 'Goods and Services Tax' on digital advertising is: MCQ with Answer and Explanation

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The 'Goods and Services Tax' on digital advertising is:

A. 28%

B. 12%

C. 18%

D. 5%

Answer: Option C

Solution (By JKSSB Mock Tests)

Digital advertising services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' on Jan Dhan accounts is:

A. 0%

B. 5%

C. exempt

D. 18%

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Correct Answer: Option C

Explanation:
Basic savings bank deposit accounts under PMJDY are exempt from GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Emission Trading System' is a market-based approach to control pollution by:

A. banning all emissions

B. subsidizing polluters

C. taxing all production

D. creating tradable emission permits

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Correct Answer: Option D

Explanation:
Emission trading creates a market for tradable emission allowances, limiting total emissions.

This question belongs to: Economy GK Economy Set 1

Question #3

In the context of cost, the relationship between Average Cost (AC) and Marginal Cost (MC) is:

A. When MC = AC, AC is minimum

B. MC is always greater than AC

C. When MC < AC, AC is rising

D. When MC > AC, AC is falling

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Correct Answer: Option A

Explanation:
When Marginal Cost equals Average Cost, Average Cost is at its minimum. If MC is below AC, AC falls; if MC is above AC, AC rises.

This question belongs to: Economy GK Economy Set 1

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