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

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The 'Goods and Services Tax' on spices is:

A. 12%

B. 0%

C. 5%

D. 18%

Answer: Option C

Solution (By JKSSB Mock Tests)

Spices generally attract 5% GST.

This question belongs to: Economy GK Economy Set 1

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Question #1

The Bharatmala Pariyojana is related to:

A. expansion of railways

B. airport modernization

C. development of ports

D. development of national highways and roads

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Correct Answer: Option D

Explanation:
Bharatmala Pariyojana is a national highways and road development programme.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'disinvestment target' in the Union Budget is classified as:

A. revenue expenditure

B. capital expenditure

C. revenue receipt

D. capital receipt

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Correct Answer: Option D

Explanation:
Disinvestment proceeds are capital receipts.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'National Commission for Minorities' is a:

A. constitutional body

B. executive body

C. judicial body

D. statutory body

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Correct Answer: Option D

Explanation:
The National Commission for Minorities is a statutory body.

This question belongs to: Economy GK Economy Set 1

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