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

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The 'Goods and Services Tax' on event management services is:

A. 28%

B. 18%

C. 5%

D. 12%

Answer: Option B

Solution (By JKSSB Mock Tests)

Event management services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Effective Revenue Deficit' was introduced to exclude from revenue deficit those grants:

A. used for creation of capital assets

B. given to foreign countries

C. given to states for revenue expenditure

D. used for interest payments

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Correct Answer: Option A

Explanation:
Effective revenue deficit excludes grants for creation of capital assets from revenue deficit.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'bank rate' in India is currently aligned with:

A. reverse repo rate

B. CRR

C. repo rate

D. MSF rate

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Correct Answer: Option D

Explanation:
The bank rate is aligned with the MSF rate.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Ayushman Bharat Yojana' has two components: Health and Wellness Centres and:

A. Pradhan Mantri Ujjwala Yojana

B. Pradhan Mantri Mudra Yojana

C. Pradhan Mantri Jan Arogya Yojana

D. Pradhan Mantri Awas Yojana

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Correct Answer: Option C

Explanation:
Ayushman Bharat includes Health and Wellness Centres and PM-JAY.

This question belongs to: Economy GK Economy Set 1

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