The 'Goods and Services Tax' on e-commerce operators is: MCQ with Answer and Explanation

Question

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The 'Goods and Services Tax' on e-commerce operators is:

A. only 18%

B. not applicable

C. only 5%

D. they collect tax at source

Answer: Option D

Solution (By JKSSB Mock Tests)

E-commerce operators collect tax at source under GST.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Green Revolution' in India was mainly introduced during the tenure of which Prime Minister?

A. Morarji Desai

B. Lal Bahadur Shastri

C. Jawaharlal Nehru

D. Indira Gandhi

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Correct Answer: Option B

Explanation:
The Green Revolution was initiated during Lal Bahadur Shastri's tenure in the mid-1960s.

This question belongs to: Economy GK Economy Set 1

Question #2

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Marginal cost intersects the average total cost curve at its:

A. starting point

B. maximum point

C. point of inflection

D. minimum point

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Correct Answer: Option D

Explanation:
Marginal cost intersects average total cost at its minimum point.

This question belongs to: Economy GK Economy Set 1

Question #3

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Under perfect competition, the demand curve of a firm is:

A. perfectly inelastic

B. upward sloping

C. perfectly elastic

D. downward sloping

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Correct Answer: Option C

Explanation:
A perfectly competitive firm faces a horizontal demand curve at the market price.

This question belongs to: Economy GK Economy Set 1

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