The 'Goods and Services Tax' on print media advertising is: MCQ with Answer and Explanation

The 'Goods and Services Tax' on print media advertising is:
A. 12%
B. 5%
C. 18%
D. 0%
Answer: Option B
Solution (By JKSSB Mock Tests)
Advertising in print media attracts 5% GST.

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Practice More Economy Set 1 Questions

Question #1
The term 'Disguised Unemployment' is commonly associated with:
A. Industrial sector
B. Service sector
C. Agricultural sector
D. Information technology sector

Correct Answer: Option C


Explanation:
Disguised unemployment is prevalent in the agricultural sector of developing countries where more people are engaged in work than are actually required, with marginal productivity close to zero.

This question belongs to: Economy GK Economy Set 1
Question #2
The term 'Fiscal Consolidation' refers to:
A. Increase in government expenditure without regard to revenue
B. Only increasing tax rates
C. Policies aimed at reducing fiscal deficit and public debt
D. Only printing more money

Correct Answer: Option C


Explanation:
Fiscal consolidation refers to policies and measures undertaken to reduce the fiscal deficit and put public finances on a sustainable path.

This question belongs to: Economy GK Economy Set 1
Question #3
Which of the following is NOT a type of unemployment based on cause?
A. Voluntary as the only cause-based type
B. Cyclical
C. Frictional
D. Structural

Correct Answer: Option A


Explanation:
While unemployment can be voluntary or involuntary, the standard cause-based classification includes frictional, structural, cyclical and seasonal unemployment.

This question belongs to: Economy GK Economy Set 1