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

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The 'Goods and Services Tax' on tobacco products is:

A. 12%

B. 28% plus cess

C. 0%

D. 18%

Answer: Option B

Solution (By JKSSB Mock Tests)

Tobacco products attract 28% GST plus additional cess.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The Harrod-Domar growth model emphasizes the role of:

A. saving and capital-output ratio

B. natural resources

C. technological progress

D. population growth

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Correct Answer: Option A

Explanation:
The Harrod-Domar model emphasises saving rate and capital-output ratio as determinants of growth.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Incoterms' in international trade are published by:

A. IMF

B. World Bank

C. WTO

D. International Chamber of Commerce

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Correct Answer: Option D

Explanation:
Incoterms are published by the International Chamber of Commerce.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Samagra Shiksha Abhiyan' is a programme for:

A. higher education

B. vocational training only

C. school education from pre-school to class 12

D. adult literacy only

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Correct Answer: Option C

Explanation:
Samagra Shiksha Abhiyan covers school education from pre-school to class 12.

This question belongs to: Economy GK Economy Set 1

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