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

Question

Share Report Error

The 'Goods and Services Tax' on jewellery is:

A. 5%

B. 18%

C. 3%

D. 12%

Answer: Option C

Solution (By JKSSB Mock Tests)

Gold, silver and jewellery attract 3% GST.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

Share Report

The 'Merchandise Exports from India Scheme' was replaced by which scheme?

A. RoDTEP

B. EPCG

C. SEIS

D. Advance Authorization

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
MEIS was replaced by the Remission of Duties and Taxes on Exported Products scheme.

This question belongs to: Economy GK Economy Set 1

Question #2

Share Report

Open Market Operations refer to:

A. lending by commercial banks to customers

B. sale and purchase of government securities by the RBI

C. issue of new currency notes

D. trading in stock exchanges

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
Open Market Operations are the sale and purchase of government securities by the RBI to regulate liquidity.

This question belongs to: Economy GK Economy Set 1

Question #3

Share Report

The 'National Human Rights Commission' is a:

A. judicial body

B. constitutional body

C. private body

D. statutory body

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
NHRC is a statutory body under the Protection of Human Rights Act, 1993.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs