The 'Goods and Services Tax' on pizza bread is: MCQ with Answer and Explanation

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The 'Goods and Services Tax' on pizza bread is:

A. 18%

B. 12%

C. 5%

D. 0%

Answer: Option A

Solution (By JKSSB Mock Tests)

Pizza bread attracts 18% GST as a prepared food product.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

A carbon tax is a tax on:

A. all imports

B. emissions of carbon dioxide or carbon content of fuels

C. renewable energy

D. electricity consumption only

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Correct Answer: Option B

Explanation:
A carbon tax is levied on carbon emissions or the carbon content of fossil fuels.

This question belongs to: Economy GK Economy Set 1

Question #2

In the context of project appraisal, a project is considered economically viable if:

A. Only financial costs are considered

B. Social costs are ignored

C. The present value of costs exceeds the present value of benefits

D. The present value of benefits exceeds the present value of costs

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Correct Answer: Option D

Explanation:
In cost-benefit analysis, a project is viable when the discounted present value of its benefits exceeds the discounted present value of its costs (positive net present value).

This question belongs to: Economy GK Economy Set 1

Question #3

The 'National Manufacturing Policy' aims to create National Investment and Manufacturing Zones that are basically:

A. industrial parks with world-class infrastructure

B. residential colonies

C. agricultural zones

D. special economic zones only

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Correct Answer: Option A

Explanation:
NIMZs are integrated industrial parks with advanced infrastructure.

This question belongs to: Economy GK Economy Set 1

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