The 'Goods and Services Tax' on educational services by institutions is: MCQ with Answer and Explanation

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The 'Goods and Services Tax' on educational services by institutions is:

A. 18%

B. exempt

C. 5%

D. 0%

Answer: Option B

Solution (By JKSSB Mock Tests)

Educational services by recognized institutions are exempt from GST.

This question belongs to: Economy GK Economy Set 1

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The 'Emergency Credit Line Guarantee Scheme' was launched to help MSMEs during:

A. drought

B. flood

C. COVID-19 pandemic

D. demonetization

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Correct Answer: Option C

Explanation:
ECLGS was launched during the COVID-19 pandemic to provide credit to MSMEs.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'e-way bill' validity is based on:

A. type of vehicle

B. number of goods

C. distance to be travelled

D. value of goods

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Correct Answer: Option C

Explanation:
E-way bill validity depends on the distance of movement.

This question belongs to: Economy GK Economy Set 1

Question #3

Commercial paper is a short-term instrument issued by:

A. individuals

B. RBI

C. state governments

D. highly rated corporate borrowers

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Correct Answer: Option D

Explanation:
Commercial paper is an unsecured short-term instrument issued by highly rated corporate borrowers.

This question belongs to: Economy GK Economy Set 1

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