The 'Goods and Services Tax' on security services is: MCQ with Answer and Explanation

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The 'Goods and Services Tax' on security services is:

A. 5%

B. 12%

C. 18%

D. 28%

Answer: Option C

Solution (By JKSSB Mock Tests)

Security services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Food and Agriculture Organization' is headquartered in:

A. Rome

B. Geneva

C. New York

D. Vienna

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Correct Answer: Option A

Explanation:
The Food and Agriculture Organization is headquartered in Rome, Italy.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'credit rating agency' that is a full form of CRISIL is:

A. Credit Rating Information Services of India Limited

B. Credit Research and Investment Services of India Limited

C. Credit Rating and Investment Services of India Limited

D. Central Rating and Investment Services of India Limited

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Correct Answer: Option A

Explanation:
CRISIL stands for Credit Rating Information Services of India Limited.

This question belongs to: Economy GK Economy Set 1

Question #3

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The Laffer curve shows the relationship between:

A. interest rate and investment

B. inflation and unemployment

C. income and consumption

D. tax rate and tax revenue

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Correct Answer: Option D

Explanation:
The Laffer curve shows the relationship between tax rates and total tax revenue.

This question belongs to: Economy GK Economy Set 1

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