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

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The 'Goods and Services Tax' on online gaming is:

A. 5%

B. 18%

C. 12%

D. 28%

Answer: Option D

Solution (By JKSSB Mock Tests)

Online gaming services attract 28% GST.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

A cartel is an example of:

A. perfect competition

B. non-collusive oligopoly

C. monopolistic competition

D. collusive oligopoly

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Correct Answer: Option D

Explanation:
A cartel is a formal collusive arrangement among oligopolistic firms to fix prices and output.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'FDI' in single brand retail is allowed up to what percentage?

A. 51%

B. 74%

C. 100%

D. 49%

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Correct Answer: Option C

Explanation:
FDI in single brand retail is allowed up to 100%.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Public Account Committee' examines:

A. budget estimates

B. defence policy

C. audited appropriation accounts and CAG reports

D. foreign policy

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Correct Answer: Option C

Explanation:
Public Account Committee examines audited accounts and CAG reports.

This question belongs to: Economy GK Economy Set 1

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