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. 12%

B. 5%

C. 28%

D. 18%

Answer: Option A

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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Practice More Economy Set 1 Questions

Question #1

The 'Credit Linked Capital Subsidy Scheme' for MSMEs provides subsidy on:

A. raw material purchases

B. capital investment for technology upgradation

C. wage payments

D. interest payments

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Correct Answer: Option B

Explanation:
CLCSS provides capital subsidy for technology upgradation by MSMEs.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is an automatic stabiliser in the fiscal system?

A. One-time stimulus package

B. Discretionary increase in infrastructure spending

C. Progressive income tax structure

D. Change in repo rate by the central bank

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Correct Answer: Option C

Explanation:
Progressive income taxes automatically increase the tax burden during expansions and reduce it during contractions, stabilising disposable income without new legislation.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Global Gender Gap Report' is published by:

A. World Economic Forum

B. UN Women

C. World Bank

D. UNDP

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Correct Answer: Option A

Explanation:
The Global Gender Gap Report is published by the World Economic Forum.

This question belongs to: Economy GK Economy Set 1

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