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

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

A. 18%

B. 12%

C. 28%

D. 5%

Answer: Option A

Solution (By JKSSB Mock Tests)

OIDAR services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Banking Regulation Act' was passed in which year?

A. 1949

B. 1956

C. 1934

D. 1969

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Correct Answer: Option A

Explanation:
The Banking Regulation Act was passed in 1949.

This question belongs to: Economy GK Economy Set 1

Question #2

The marginal propensity to consume is the ratio of:

A. change in consumption to change in income

B. consumption to saving

C. change in saving to change in income

D. total consumption to total income

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Correct Answer: Option A

Explanation:
MPC is the ratio of change in consumption to change in income.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Planning Commission' was replaced by NITI Aayog in which year?

A. 2015

B. 2016

C. 2013

D. 2017

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Correct Answer: Option A

Explanation:
The Planning Commission was replaced by NITI Aayog in 2015.

This question belongs to: Economy GK Economy Set 1

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