The 'Goods and Services Tax' on passenger transport by air-conditioned buses is: MCQ with Answer and Explanation

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The 'Goods and Services Tax' on passenger transport by air-conditioned buses is:

A. 12%

B. 5%

C. 18%

D. 0%

Answer: Option B

Solution (By JKSSB Mock Tests)

AC bus passenger transport attracts 5% GST.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'World Development Report' is published by:

A. UNCTAD

B. World Bank

C. IMF

D. WTO

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Correct Answer: Option B

Explanation:
The World Development Report is published by the World Bank.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on Pradhan Mantri Suraksha Bima Yojana premium is:

A. 18%

B. exempt

C. 0%

D. 5%

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Correct Answer: Option B

Explanation:
PMSBY premium is exempt from GST.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'GST' regime has subsumed which of the following central taxes?

A. Customs duty

B. Central Excise Duty

C. Corporate tax

D. Income tax

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Correct Answer: Option B

Explanation:
GST subsumed central excise duty, service tax, additional customs duty, etc.

This question belongs to: Economy GK Economy Set 1

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