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

Question

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The 'Goods and Services Tax' on electricity is:

A. not under GST

B. 18%

C. 5%

D. 0%

Answer: Option A

Solution (By JKSSB Mock Tests)

Electricity is outside GST.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Pradhan Mantri Matru Vandana Yojana' provides maternity benefits to:

A. only adolescent girls

B. pregnant and lactating mothers

C. all women

D. only working women

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Correct Answer: Option B

Explanation:
PMMVY provides maternity benefits to pregnant and lactating mothers.

This question belongs to: Economy GK Economy Set 1

Question #2

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Core inflation excludes which of the following?

A. food and fuel prices

B. imported goods

C. housing prices

D. all manufactured goods

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Correct Answer: Option A

Explanation:
Core inflation excludes volatile food and fuel prices to capture underlying inflation trends.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Export Promotion Capital Goods' scheme allows import of capital goods at:

A. only after export

B. zero duty subject to export obligation

C. higher duty

D. prohibited duty

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Correct Answer: Option B

Explanation:
EPCG allows import of capital goods at zero or concessional duty subject to export obligations.

This question belongs to: Economy GK Economy Set 1

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