The 'Goods and Services Tax' on online education courses is: MCQ with Answer and Explanation

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The 'Goods and Services Tax' on online education courses is:

A. 12%

B. 0%

C. 5%

D. 18%

Answer: Option D

Solution (By JKSSB Mock Tests)

Online education courses generally attract 18% GST.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'BIMSTEC' grouping includes countries from:

A. Latin America

B. Europe

C. South Asia and Southeast Asia

D. Africa

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Correct Answer: Option C

Explanation:
BIMSTEC includes countries from South Asia and Southeast Asia around the Bay of Bengal.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Index of Eight Core Industries' is released by:

A. Ministry of Commerce and Industry

B. RBI

C. NITI Aayog

D. Ministry of Finance

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Correct Answer: Option A

Explanation:
The Index of Eight Core Industries is released by the Ministry of Commerce and Industry.

This question belongs to: Economy GK Economy Set 1

Question #3

In the context of urban economics, 'Agglomeration Economies' refer to:

A. The costs of congestion only

B. Only the disadvantages of density

C. The complete absence of any spatial effects

D. The productivity benefits that firms and workers derive from locating in close proximity to one another

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Correct Answer: Option D

Explanation:
Agglomeration economies are the benefits—knowledge spillovers, labour-market pooling, input sharing—that arise when economic activity is concentrated in space, helping to explain the existence and growth of cities.

This question belongs to: Economy GK Economy Set 1

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