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

Question

Share Report Error

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

A. 18%

B. 28%

C. 5%

D. 12%

Answer: Option B

Solution (By JKSSB Mock Tests)

Cement attracts 28% GST.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

Share Report

The 'per capita income' is calculated by dividing national income by:

A. working population

B. number of households

C. total population

D. labour force

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
Per capita income is national income divided by total population.

This question belongs to: Economy GK Economy Set 1

Question #2

Share Report

The 'Pradhan Mantri Jeevan Jyoti Bima Yojana' provides:

A. vehicle insurance

B. health insurance

C. crop insurance

D. life insurance

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
PMJJBY provides life insurance cover.

This question belongs to: Economy GK Economy Set 1

Question #3

Share Report

The 'deflation' refers to:

A. a fall in unemployment

B. a rise in inflation

C. a sustained fall in the general price level

D. a fall in the rate of inflation

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
Deflation is a sustained decline in the general price level.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs