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. 12%

B. 5%

C. 28%

D. 18%

Answer: Option C

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

The 'Fifth Five Year Plan' period was:

A. 1971-1976

B. 1969-1974

C. 1980-1985

D. 1974-1979

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Correct Answer: Option D

Explanation:
The Fifth Five Year Plan covered 1974-1979.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on lottery, betting and gambling is part of the:

A. 28% slab plus cess

B. 12% slab

C. 5% slab

D. 18% slab

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Correct Answer: Option A

Explanation:
Lottery, betting and gambling are in the 28% slab.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'currency chests' in India are operated by:

A. treasury departments

B. banks on behalf of RBI

C. post offices

D. RBI only

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Correct Answer: Option B

Explanation:
Currency chests are operated by selected banks on behalf of the RBI for currency storage and distribution.

This question belongs to: Economy GK Economy Set 1

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