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. 5%

B. exempt

C. 0%

D. 12%

Answer: Option B

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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Practice More Economy Set 1 Questions

Question #1

The 'Third Five Year Plan' period was:

A. 1969-1974

B. 1966-1971

C. 1956-1961

D. 1961-1966

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Correct Answer: Option D

Explanation:
The Third Five Year Plan covered 1961-1966.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following was a central objective of the Mahalanobis strategy in the Second Plan?

A. investment in heavy and capital goods industries

B. promotion of cottage industries

C. land reforms

D. export promotion

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Correct Answer: Option A

Explanation:
The Mahalanobis strategy emphasized investment in heavy and capital goods industries.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a cause of frictional unemployment?

A. Decline of an industry

B. Seasonal nature of agriculture

C. Time taken to find a new job after leaving the previous one

D. Economic recession

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Correct Answer: Option C

Explanation:
Frictional unemployment occurs due to the time lag involved in people searching for and moving between jobs. It is short-term and voluntary in nature.

This question belongs to: Economy GK Economy Set 1

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