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. 0%

B. 18%

C. 12%

D. 5%

Answer: Option D

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

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The 'Brown Revolution' is associated with:

A. food processing

B. leather and cocoa

C. coffee and cocoa production

D. fertilizer production

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Correct Answer: Option C

Explanation:
Brown Revolution is associated with coffee and cocoa production.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Ayushman Bharat Yojana' has two components: Health and Wellness Centres and:

A. Pradhan Mantri Jan Arogya Yojana

B. Pradhan Mantri Ujjwala Yojana

C. Pradhan Mantri Awas Yojana

D. Pradhan Mantri Mudra Yojana

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Correct Answer: Option A

Explanation:
Ayushman Bharat includes Health and Wellness Centres and PM-JAY.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'World Economic Forum' publishes which report?

A. World Economic Outlook

B. World Development Report

C. Global Financial Stability Report

D. Global Competitiveness Report

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Correct Answer: Option D

Explanation:
WEF publishes the Global Competitiveness Report.

This question belongs to: Economy GK Economy Set 1

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