The 'Goods and Services Tax' rate on footwear above Rs 1,000 is: MCQ with Answer and Explanation

Question

Share Report Error

The 'Goods and Services Tax' rate on footwear above Rs 1,000 is:

A. 28%

B. 18%

C. 5%

D. 12%

Answer: Option B

Solution (By JKSSB Mock Tests)

Footwear above Rs 1,000 attracts 18% 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 'World Bank' publishes which index?

A. Human Development Index

B. Global Hunger Index

C. Logistics Performance Index

D. Corruption Perceptions Index

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
World Bank publishes Logistics Performance Index.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'depreciation' in national accounting is also called:

A. factor income

B. capital consumption allowance

C. net investment

D. transfer payment

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
Depreciation is also known as capital consumption allowance.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a feature of the '15-Minute City' concept?

A. An urban planning model in which most daily needs can be met within a short walk or cycle from home

B. A city in which all travel requires long car journeys

C. Only a high-speed transport network without local amenities

D. A purely residential suburb without services

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
The 15-minute city is an urban design principle that aims to ensure that residents can access work, shopping, education, healthcare and leisure within a 15-minute walk or bicycle ride from their homes.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs