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. 18%

B. 5%

C. 28%

D. 12%

Answer: Option A

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 'Income Tax Act' in India was enacted in which year?

A. 1972

B. 1965

C. 1961

D. 1956

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Correct Answer: Option C

Explanation:
The Income Tax Act was enacted in 1961.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is NOT a type of bank in the Indian banking system?

A. Commercial banks

B. Cooperative banks

C. Shadow banks as scheduled commercial banks

D. Regional Rural Banks

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Correct Answer: Option C

Explanation:
Shadow banks (NBFCs engaged in credit intermediation) are not scheduled commercial banks. The formal banking system includes commercial banks, cooperative banks and RRBs.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'SAARC' grouping includes how many member countries?

A. 10

B. 8

C. 6

D. 12

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Correct Answer: Option B

Explanation:
SAARC has 8 member countries.

This question belongs to: Economy GK Economy Set 1

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