The 'Goods and Services Tax' rate on air travel in economy class is: MCQ with Answer and Explanation

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The 'Goods and Services Tax' rate on air travel in economy class is:

A. 12%

B. 5%

C. 18%

D. 28%

Answer: Option B

Solution (By JKSSB Mock Tests)

Economy class air travel attracts 5% GST.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

Expenditure on construction of a national highway is classified as:

A. transfer payment

B. revenue expenditure

C. non-plan expenditure

D. capital expenditure

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Correct Answer: Option D

Explanation:
Construction of a highway creates a capital asset and is capital expenditure.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Agricultural and Processed Food Products Export Development Authority' promotes exports of:

A. petroleum products

B. agricultural and processed food products

C. textiles

D. machinery

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Correct Answer: Option B

Explanation:
APEDA promotes exports of agricultural and processed food products.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Bharat Bill Payment System' is operated by:

A. NPCI

B. RBI

C. SBI

D. SEBI

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Correct Answer: Option A

Explanation:
BBPS is operated by NPCI for bill payments.

This question belongs to: Economy GK Economy Set 1

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