The 'Goods and Services Tax' on ready-to-move-in property is: MCQ with Answer and Explanation

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The 'Goods and Services Tax' on ready-to-move-in property is:

A. 5%

B. 12%

C. not applicable

D. 18%

Answer: Option C

Solution (By JKSSB Mock Tests)

Ready-to-move-in property is not subject to GST.

This question belongs to: Economy GK Economy Set 1

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Question #1

Which of the following is NOT a source of agricultural finance in India?

A. Stock exchanges for small farmers

B. Commercial banks

C. NABARD

D. Cooperative societies

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Correct Answer: Option A

Explanation:
Stock exchanges primarily serve corporate entities. Agricultural finance is provided by commercial banks, cooperatives, RRBs and refinanced by NABARD.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Export Import Bank of India' provides:

A. crop loans

B. retail banking

C. export credit and finance

D. microfinance

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Correct Answer: Option C

Explanation:
EXIM Bank provides export credit and finance.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Government e-Marketplace' is primarily a platform for:

A. retail e-commerce

B. stock trading

C. foreign exchange trading

D. public procurement of goods and services

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Correct Answer: Option D

Explanation:
GeM is an online platform for government procurement of goods and services.

This question belongs to: Economy GK Economy Set 1

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