The 'Goods and Services Tax' on travel agency services is: MCQ with Answer and Explanation

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The 'Goods and Services Tax' on travel agency services is:

A. 28%

B. 5%

C. 18%

D. 12%

Answer: Option C

Solution (By JKSSB Mock Tests)

Travel agency services attract 18% GST, unless they opt for the 5% without ITC tour operator scheme.

This question belongs to: Economy GK Economy Set 1

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Question #1

In the context of Indian economy, the term 'Demographic Dividend' can be realised if:

A. The old-age population dominates

B. The working-age population is productively employed and skilled

C. The dependent population increases rapidly

D. The fertility rate rises continuously

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Correct Answer: Option B

Explanation:
Realising the demographic dividend requires that the large working-age population is educated, skilled and productively employed in the economy.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'base year' for the current WPI series is:

A. 2015-16

B. 2011-12

C. 2004-05

D. 2019-20

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Correct Answer: Option B

Explanation:
The current WPI series uses base year 2011-12.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'National Consumer Price Index' in India uses which base year?

A. 2019

B. 2012

C. 2010

D. 2016

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Correct Answer: Option B

Explanation:
CPI-Combined uses base year 2012.

This question belongs to: Economy GK Economy Set 1

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