The 'Goods and Services Tax' on religious pilgrimage tours is: MCQ with Answer and Explanation

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The 'Goods and Services Tax' on religious pilgrimage tours is:

A. 0%

B. 12%

C. 18%

D. 5%

Answer: Option D

Solution (By JKSSB Mock Tests)

Religious pilgrimage tours attract 5% GST.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

SEBI was given statutory status in which year?

A. 1992

B. 1988

C. 2000

D. 1995

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Correct Answer: Option A

Explanation:
SEBI was established in 1988 and given statutory status in 1992.

This question belongs to: Economy GK Economy Set 1

Question #2

Cyclical unemployment is caused by:

A. lack of aggregate demand during economic downturns

B. mismatch of skills

C. seasonal changes

D. trade union pressure

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Correct Answer: Option A

Explanation:
Cyclical unemployment is caused by deficient aggregate demand during recessions.

This question belongs to: Economy GK Economy Set 1

Question #3

Commercial paper is a short-term instrument issued by:

A. highly rated corporate borrowers

B. individuals

C. RBI

D. state governments

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Correct Answer: Option A

Explanation:
Commercial paper is an unsecured short-term instrument issued by highly rated corporate borrowers.

This question belongs to: Economy GK Economy Set 1

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