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. 18%

B. 12%

C. 5%

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

The 'resource curse' is also called the:

A. invisible hand

B. paradox of plenty

C. liquidity trap

D. tragedy of commons

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Correct Answer: Option B

Explanation:
The resource curse is also known as the paradox of plenty.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Make in India' initiative targets increasing the share of manufacturing in GDP to what percentage?

A. 40%

B. 25%

C. 15%

D. 30%

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Correct Answer: Option B

Explanation:
Make in India aims to raise manufacturing's share of GDP to 25%.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Agreement on Agriculture' under WTO covers:

A. domestic support, market access and export subsidies in agriculture

B. banking regulation

C. intellectual property

D. industrial subsidies

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Correct Answer: Option A

Explanation:
The WTO Agreement on Agriculture covers domestic support, market access and export subsidies.

This question belongs to: Economy GK Economy Set 1

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