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

Question

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The 'Goods and Services Tax' on DTH services is:

A. 12%

B. 28%

C. 18%

D. 5%

Answer: Option C

Solution (By JKSSB Mock Tests)

DTH services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

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Question #1

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In the theory of consumer behaviour, the income effect of a price change for a normal good is:

A. Indeterminate

B. Positive

C. Zero

D. Negative

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Correct Answer: Option B

Explanation:
For a normal good, a fall in price increases real income, leading to an increase in quantity demanded (positive income effect), reinforcing the substitution effect.

This question belongs to: Economy GK Economy Set 1

Question #2

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Which of the following is NOT a feature of perfect competition?

A. Homogeneous product

B. Free entry and exit

C. Product differentiation

D. Large number of buyers and sellers

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Correct Answer: Option C

Explanation:
Product differentiation is a feature of monopolistic competition, not perfect competition. In perfect competition, products are homogeneous.

This question belongs to: Economy GK Economy Set 1