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

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The 'Goods and Services Tax' on passenger transport by non-AC buses is:

A. 12%

B. 5%

C. exempt

D. 0%

Answer: Option C

Solution (By JKSSB Mock Tests)

Non-AC bus transport is exempt from GST.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' on cryptocurrency is:

A. 18%

B. 0%

C. 5%

D. 28%

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Correct Answer: Option A

Explanation:
Cryptocurrency transactions are subject to 18% GST as financial services, though regulation is evolving.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on accounting services is:

A. 18%

B. 28%

C. 12%

D. 5%

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Correct Answer: Option A

Explanation:
Accounting services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Public Distribution System' in India is administered by:

A. Ministry of Agriculture

B. NITI Aayog

C. Ministry of Finance

D. Department of Food and Public Distribution

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Correct Answer: Option D

Explanation:
The public distribution system is administered by the Department of Food and Public Distribution.

This question belongs to: Economy GK Economy Set 1

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