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

Question

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The 'Goods and Services Tax' on fruit juices is:

A. 28%

B. 18%

C. 5%

D. 12%

Answer: Option D

Solution (By JKSSB Mock Tests)

Fruit juices attract 12% GST.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'GDP deflator' is a price index that measures:

A. prices of all domestically produced final goods and services

B. only wholesale prices

C. only food prices

D. only consumer prices

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Correct Answer: Option A

Explanation:
GDP deflator measures the average price of all final goods and services produced domestically.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Tribunals for other matters' are established under which article?

A. Article 323B

B. Article 324

C. Article 329

D. Article 323A

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Correct Answer: Option A

Explanation:
Tribunals for other matters are established under Article 323B.

This question belongs to: Economy GK Economy Set 1

Question #3

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

A. 12%

B. 18%

C. 28%

D. 5%

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Correct Answer: Option B

Explanation:
DTH services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

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