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

Question

Share Report Error

The 'Goods and Services Tax' on land and property is:

A. 5%

B. 18%

C. 0%

D. not applicable

Answer: Option D

Solution (By JKSSB Mock Tests)

Sale of land and completed buildings is not subject to 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 'National Agricultural Cooperative Marketing Federation of India' is known as:

A. NABARD

B. NAFED

C. CACP

D. FCI

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
NAFED is the National Agricultural Cooperative Marketing Federation of India.

This question belongs to: Economy GK Economy Set 1

Question #2

Share Report

The 'Smithsonian Agreement' of 1971 attempted to:

A. ban currency trading

B. create the euro

C. realign fixed exchange rates after the collapse of the dollar-gold link

D. abolish the IMF

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
The Smithsonian Agreement attempted to establish new fixed exchange rate parities after the dollar-gold link ended.

This question belongs to: Economy GK Economy Set 1

Question #3

Share Report

In the context of Indian economy, the term 'Demographic Dividend' can be realised if:

A. The old-age population dominates

B. The dependent population increases rapidly

C. The fertility rate rises continuously

D. The working-age population is productively employed and skilled

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
Realising the demographic dividend requires that the large working-age population is educated, skilled and productively employed in the economy.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs