The 'Goods and Services Tax' on life insurance under Pradhan Mantri Jeevan Jyoti Bima Yojana is: MCQ with Answer and Explanation

Question

Share Report Error

The 'Goods and Services Tax' on life insurance under Pradhan Mantri Jeevan Jyoti Bima Yojana is:

A. 0%

B. 18%

C. 5%

D. exempt

Answer: Option D

Solution (By JKSSB Mock Tests)

PMJJBY premium is exempt from 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

The 'Second Five Year Plan' period was:

A. 1956-1961

B. 1953-1958

C. 1961-1966

D. 1951-1956

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
The Second Five Year Plan covered 1956-1961.

This question belongs to: Economy GK Economy Set 1

Question #2

The Fifteenth Finance Commission was headed by:

A. C. Rangarajan

B. N.K. Singh

C. Vijay Kelkar

D. Y.V. Reddy

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
The Fifteenth Finance Commission was headed by N.K. Singh.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'direct tax' includes which of the following?

A. Excise duty

B. Income tax

C. Customs duty

D. GST

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
Income tax is a direct tax.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs