The 'Goods and Services Tax' on services provided by SEBI is: MCQ with Answer and Explanation

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The 'Goods and Services Tax' on services provided by SEBI is:

A. exempt

B. 5%

C. 0%

D. 18%

Answer: Option A

Solution (By JKSSB Mock Tests)

SEBI services are exempt from GST.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

Net factor income from abroad is equal to:

A. factor income received from abroad minus factor income paid to abroad

B. remittances received by India

C. exports minus imports

D. factor income received from abroad plus factor income paid to abroad

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Correct Answer: Option A

Explanation:
Net factor income from abroad is the difference between factor income received from abroad and factor income paid abroad.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Pradhan Mantri Jan Dhan Yojana' accounts were opened primarily to:

A. provide loans to large companies

B. promote savings and financial inclusion

C. collect taxes

D. promote stock trading

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Correct Answer: Option B

Explanation:
PMJDY aims at financial inclusion through zero-balance savings accounts.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on land and property is:

A. not applicable

B. 5%

C. 0%

D. 18%

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Correct Answer: Option A

Explanation:
Sale of land and completed buildings is not subject to GST.

This question belongs to: Economy GK Economy Set 1

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