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

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The 'Goods and Services Tax' on print media advertising is:

A. 18%

B. 12%

C. 0%

D. 5%

Answer: Option D

Solution (By JKSSB Mock Tests)

Advertising in print media attracts 5% GST.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' on cryptocurrency is:

A. 5%

B. 0%

C. 28%

D. 18%

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Correct Answer: Option D

Explanation:
Cryptocurrency transactions are subject to 18% GST as financial services, though regulation is evolving.

This question belongs to: Economy GK Economy Set 1

Question #2

The concept of 'Framing Effects' demonstrates that:

A. The way in which a choice is presented can systematically affect decisions even when the underlying outcomes are identical

B. Only the objective outcomes matter

C. Preferences are completely invariant to description

D. Framing never affects choices

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Correct Answer: Option A

Explanation:
Framing effects occur when logically equivalent descriptions of the same decision problem lead to different choices, violating the invariance assumption of standard rational-choice theory.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'International Solar Alliance' is headquartered in:

A. New York

B. Gurugram, India

C. Paris

D. Geneva

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Correct Answer: Option B

Explanation:
The International Solar Alliance is headquartered in Gurugram, India.

This question belongs to: Economy GK Economy Set 1

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