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. 12%

C. 28%

D. 5%

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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Practice More Economy Set 1 Questions

Question #1

The concept of 'Shadow Banking' refers to:

A. Credit intermediation involving entities and activities outside the regular banking system

B. Only central-bank operations

C. Only informal moneylenders in rural areas

D. Only the activities of commercial banks

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Correct Answer: Option A

Explanation:
Shadow banking comprises non-bank financial intermediaries and activities that perform bank-like functions—maturity, credit and liquidity transformation—but operate with less regulation and without direct access to central-bank liquidity.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax Identification Number' is a:

A. 15-digit number

B. 16-digit number

C. 12-digit number

D. 10-digit number

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Correct Answer: Option A

Explanation:
GSTIN is a 15-digit PAN-based number.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'unemployment rate' under usual status considers a person unemployed if:

A. not working for a week

B. not working for one day

C. not working for a long period and seeking work

D. retired

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Correct Answer: Option C

Explanation:
Usual status unemployment refers to unemployment over a long reference period.

This question belongs to: Economy GK Economy Set 1

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