The 'Goods and Services Tax' on health care services is: MCQ with Answer and Explanation

Question

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The 'Goods and Services Tax' on health care services is:

A. exempt

B. 5%

C. 18%

D. 0%

Answer: Option A

Solution (By JKSSB Mock Tests)

Health care services are exempt from GST.

This question belongs to: Economy GK Economy Set 1

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Question #1

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In India, the estimate of National Income is usually expressed as:

A. GDP at factor cost

B. GDP at market prices

C. GNP at market prices

D. NNP at factor cost

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Correct Answer: Option D

Explanation:
National Income is conventionally defined as Net National Product at factor cost.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'replacement level fertility' is generally considered to be about how many children per woman?

A. 1.0

B. 4.0

C. 2.1

D. 3.0

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Correct Answer: Option C

Explanation:
Replacement level fertility is about 2.1 children per woman.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Goods and Services Tax' on hotel room service is:

A. 18%

B. 12%

C. 5%

D. 28%

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Correct Answer: Option A

Explanation:
Room service in hotels generally attracts 18% GST.

This question belongs to: Economy GK Economy Set 1

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