The 'Goods and Services Tax' on port services is: MCQ with Answer and Explanation

Question

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

A. 18%

B. 5%

C. 28%

D. 12%

Answer: Option A

Solution (By JKSSB Mock Tests)

Port services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'UNCTAD' headquarters is in:

A. New York

B. Vienna

C. Geneva

D. Paris

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Correct Answer: Option C

Explanation:
UNCTAD headquarters is in Geneva.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Make in India' initiative targets increasing the share of manufacturing in GDP to what percentage?

A. 40%

B. 25%

C. 15%

D. 30%

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Correct Answer: Option B

Explanation:
Make in India aims to raise manufacturing's share of GDP to 25%.

This question belongs to: Economy GK Economy Set 1

Question #3

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Which of the following is an example of a merit good?

A. Gambling

B. Education

C. Cigarettes

D. Alcohol

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Correct Answer: Option B

Explanation:
Merit goods are those that the government feels people will under-consume and which ought to be subsidised or provided free, such as education and healthcare.

This question belongs to: Economy GK Economy Set 1

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