The 'Goods and Services Tax' on Pradhan Mantri Suraksha Bima Yojana premium is: MCQ with Answer and Explanation

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

A. 18%

B. exempt

C. 0%

D. 5%

Answer: Option B

Solution (By JKSSB Mock Tests)

PMSBY premium 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 'Pradhan Mantri Shram Yogi Maandhan' provides pension to:

A. unorganized sector workers in the age group of 18 to 40 years

B. only government employees

C. all citizens

D. only farmers

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Correct Answer: Option A

Explanation:
PM-SYM provides monthly pension to unorganized workers aged 18-40.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Food Safety and Standards Authority of India' works under which ministry?

A. Ministry of Food Processing Industries

B. Ministry of Health and Family Welfare

C. Ministry of Agriculture

D. Ministry of Commerce

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Correct Answer: Option B

Explanation:
FSSAI functions under the Ministry of Health and Family Welfare.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'GST Council' has a secretariat located in:

A. New Delhi

B. Bengaluru

C. Mumbai

D. Gandhinagar

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Correct Answer: Option A

Explanation:
GST Council secretariat is in New Delhi.

This question belongs to: Economy GK Economy Set 1

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