The 'Goods and Services Tax' rate on cinema tickets below Rs 100 is: MCQ with Answer and Explanation

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

A. 5%

B. 18%

C. 28%

D. 12%

Answer: Option D

Solution (By JKSSB Mock Tests)

Cinema tickets up to Rs 100 attract 12% GST.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Marginal Standing Facility' is available to banks at a rate how much above repo rate?

A. 2%

B. 1%

C. 0.25%

D. 0.50%

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Correct Answer: Option C

Explanation:
MSF rate is normally 0.25 percentage points above the repo rate.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Bombay Stock Exchange' is the oldest stock exchange in Asia and was established in:

A. 1947

B. 1900

C. 1875

D. 1850

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Correct Answer: Option C

Explanation:
BSE was established in 1875.

This question belongs to: Economy GK Economy Set 1

Question #3

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Sustainable Development Goal 1 is related to:

A. ending poverty in all its forms

B. climate action

C. quality education

D. gender equality

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Correct Answer: Option A

Explanation:
SDG 1 aims to end poverty in all its forms everywhere.

This question belongs to: Economy GK Economy Set 1

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