The 'Goods and Services Tax' on precious stones is: MCQ with Answer and Explanation

Question

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The 'Goods and Services Tax' on precious stones is:

A. 12%

B. 3%

C. 0.25%

D. 5%

Answer: Option C

Solution (By JKSSB Mock Tests)

Precious stones attract 0.25% GST.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Agriculture Marketing' in India is primarily regulated by:

A. State Agricultural Produce Marketing Committee Acts

B. NABARD

C. RBI

D. SEBI

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Correct Answer: Option A

Explanation:
Agricultural marketing is regulated by State APMC Acts.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Mega Food Park' scheme aims to:

A. create modern food processing infrastructure

B. increase food imports

C. reduce food production

D. promote raw exports only

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Correct Answer: Option A

Explanation:
Mega Food Parks provide modern food processing infrastructure and supply chain facilities.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Goods and Services Tax' on air freight is:

A. 5%

B. 12%

C. 18%

D. 28%

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Correct Answer: Option C

Explanation:
Air freight services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

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