The 'Goods and Services Tax' on hotel rooms with tariff below Rs 1,000 is: MCQ with Answer and Explanation

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The 'Goods and Services Tax' on hotel rooms with tariff below Rs 1,000 is:

A. 18%

B. 0%

C. 5%

D. 12%

Answer: Option B

Solution (By JKSSB Mock Tests)

Hotel rooms below Rs 1,000 tariff are exempt from GST.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The four labour codes in India consolidate how many existing central labour laws?

A. 10

B. 100

C. 44

D. 29

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Correct Answer: Option D

Explanation:
The four labour codes consolidate 29 central labour laws.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on biscuits is:

A. 18%

B. 28%

C. 5%

D. 12%

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Correct Answer: Option A

Explanation:
Biscuits generally attract 18% GST, with some low-value variants at 12% or 5%.

This question belongs to: Economy GK Economy Set 1

Question #3

A zero-primary deficit indicates that:

A. there is no fiscal deficit

B. fiscal deficit equals interest payments

C. revenue deficit is zero

D. total expenditure equals revenue receipts

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Correct Answer: Option B

Explanation:
Primary deficit is fiscal deficit minus interest payments; zero primary deficit means fiscal deficit equals interest payments.

This question belongs to: Economy GK Economy Set 1

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