The 'Goods and Services Tax' on renting of commercial property is: MCQ with Answer and Explanation

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The 'Goods and Services Tax' on renting of commercial property is:

A. 18%

B. 5%

C. 28%

D. 12%

Answer: Option A

Solution (By JKSSB Mock Tests)

Renting of commercial property attracts 18% GST.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'World Happiness Report' is published by:

A. IMF

B. United Nations Sustainable Development Solutions Network

C. World Economic Forum

D. World Bank

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Correct Answer: Option B

Explanation:
The World Happiness Report is published by the UN Sustainable Development Solutions Network.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on metro rail travel is:

A. 0%

B. 5%

C. 12%

D. 18%

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Correct Answer: Option B

Explanation:
Metro rail travel attracts 5% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'SFURTI' scheme is related to:

A. urban housing

B. rural roads

C. banking

D. traditional industries clusters

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Correct Answer: Option D

Explanation:
SFURTI promotes cluster development of traditional industries.

This question belongs to: Economy GK Economy Set 1

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