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

Question

Share Report Error

The 'Goods and Services Tax' rate on education services is:

A. 0%

B. 5%

C. 12%

D. 18%

Answer: Option A

Solution (By JKSSB Mock Tests)

Education services provided by educational institutions are exempt from 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

The 'Operation Greens' scheme is related to which agricultural products?

A. Pulses and oilseeds

B. Wheat and rice

C. Tomato, onion and potato

D. Milk and eggs

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
Operation Greens aims to stabilize supply of TOP (tomato, onion, potato) crops.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a component of revenue expenditure of the government?

A. Loans to state governments

B. Expenditure on construction of roads

C. Expenditure on acquisition of land

D. Interest payments

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
Revenue expenditure does not create assets or reduce liabilities. Interest payments are a major component of revenue expenditure. Acquisition of land, loans and construction create assets and are capital expenditure.

This question belongs to: Economy GK Economy Set 1

Question #3

SEBI was given statutory status in which year?

A. 2000

B. 1992

C. 1988

D. 1995

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
SEBI was established in 1988 and given statutory status in 1992.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs