The 'Goods and Services Tax' rate on bicycles is: MCQ with Answer and Explanation

Question

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The 'Goods and Services Tax' rate on bicycles is:

A. 18%

B. 12%

C. 0%

D. 5%

Answer: Option D

Solution (By JKSSB Mock Tests)

Bicycles attract 5% GST.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Goods and Services Tax' rate on cinema tickets above Rs 100 is:

A. 18%

B. 12%

C. 5%

D. 28%

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Correct Answer: Option A

Explanation:
Cinema tickets above Rs 100 attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'base year' for the current CPI-IW series is:

A. 2001

B. 2011-12

C. 2016

D. 2012

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Correct Answer: Option C

Explanation:
The current CPI-IW series has base year 2016.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Goods and Services Tax' on salon services is:

A. 12%

B. 18%

C. 5%

D. 28%

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Correct Answer: Option B

Explanation:
Salon services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

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