The 'Goods and Services Tax' on online information and database access or retrieval services is: MCQ with Answer and Explanation

The 'Goods and Services Tax' on online information and database access or retrieval services is:
A. 5%
B. 18%
C. 28%
D. 12%
Answer: Option B
Solution (By JKSSB Mock Tests)
OIDAR services attract 18% GST.

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Practice More Economy Set 1 Questions

Question #1
Which of the following is a characteristic of the 'Just Transition' framework in climate policy?
A. Only focusing on technological solutions without social considerations
B. Only maximising the speed of decarbonisation regardless of social costs
C. Ignoring the social consequences of climate policies
D. Ensuring that the shift to a low-carbon economy is fair and inclusive, protecting workers and communities dependent on carbon-intensive industries

Correct Answer: Option D


Explanation:
A just transition seeks to ensure that the benefits and costs of the transition to a low-carbon economy are shared equitably and that workers and communities affected by the decline of carbon-intensive sectors receive adequate support.

This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is a feature of the Indian agricultural sector?
A. Predominance of small and marginal farmers
B. High capital intensity comparable to industry
C. High and uniform productivity across states
D. Complete independence from monsoon

Correct Answer: Option A


Explanation:
Indian agriculture is dominated by small and marginal landholdings, leading to challenges of scale, productivity and access to credit and technology.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'National Payments Corporation of India' operates which of the following?
A. NSE
B. UPI and RuPay
C. IRDAI
D. BSE

Correct Answer: Option B


Explanation:
NPCI operates retail payment systems such as UPI, RuPay, NACH and IMPS.

This question belongs to: Economy GK Economy Set 1