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

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The 'Goods and Services Tax' on sugar confectionery is:

A. 18%

B. 5%

C. 12%

D. 28%

Answer: Option A

Solution (By JKSSB Mock Tests)

Sugar confectionery 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 term 'Primary Market' in the capital market refers to:

A. Market for issue of new securities

B. Market for agricultural commodities

C. Market for trading existing securities

D. Market for short-term funds only

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Correct Answer: Option A

Explanation:
The primary market is the market where new securities are issued by companies or governments for the first time to raise capital. The secondary market deals with existing securities.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Logistic Performance Index' is published by:

A. WTO

B. IMF

C. UNCTAD

D. World Bank

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Correct Answer: Option D

Explanation:
The Logistics Performance Index is published by the World Bank.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Government e-Marketplace' is primarily a platform for:

A. stock trading

B. retail e-commerce

C. foreign exchange trading

D. public procurement of goods and services

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Correct Answer: Option D

Explanation:
GeM is an online platform for government procurement of goods and services.

This question belongs to: Economy GK Economy Set 1

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