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

The 'Goods and Services Tax' on telecommunication towers is:
A. 12%
B. 28%
C. 5%
D. 18%
Answer: Option D
Solution (By JKSSB Mock Tests)
Telecommunication tower services attract 18% GST.

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Practice More Economy Set 1 Questions

Question #1
Which of the following is a feature of the 'Wealth Inequality' literature associated with Piketty?
A. Wealth inequality always declines with development
B. Only labour income inequality matters
C. Capital accumulation always reduces inequality
D. When the rate of return on capital exceeds the growth rate of the economy, wealth inequality tends to rise

Correct Answer: Option D


Explanation:
Piketty’s central argument is that when the rate of return on capital (r) systematically exceeds the growth rate of the economy (g), the share of capital in national income and the concentration of wealth tend to increase.

This question belongs to: Economy GK Economy Set 1
Question #2
Which of the following is a feature of a public good?
A. Non-rivalrous and non-excludable
B. Non-rivalrous and excludable
C. Rivalrous and excludable
D. Rivalrous and non-excludable

Correct Answer: Option A


Explanation:
Public goods are non-rivalrous and non-excludable.

This question belongs to: Economy GK Economy Set 1
Question #3
Which of the following is a feature of the 'Modern Supply-Side Economics' emphasis?
A. Tax incentives and structural reforms to raise potential output and improve incentives to work, save and invest
B. Complete neglect of incentives
C. Only monetary expansion
D. Only demand management through fiscal expansion

Correct Answer: Option A


Explanation:
Supply-side approaches stress policies that expand the productive capacity of the economy by improving incentives, reducing distortions and raising the efficiency of resource allocation.

This question belongs to: Economy GK Economy Set 1