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

Question

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

A. 18%

B. 12%

C. 5%

D. 0%

Answer: Option C

Solution (By JKSSB Mock Tests)

Sugar attracts 5% GST.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'National Smart Grid Mission' aims to:

A. provide housing

B. promote tourism

C. modernize the power grid

D. build roads

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Correct Answer: Option C

Explanation:
The National Smart Grid Mission aims to modernize the electricity grid.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Indian labour market' is characterized by a large share of employment in:

A. unorganized sector

B. foreign companies

C. organized sector

D. public sector

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Correct Answer: Option A

Explanation:
A large share of Indian employment is in the unorganized sector.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Goods and Services Tax' on housekeeping services is:

A. 28%

B. 18%

C. 12%

D. 5%

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Correct Answer: Option B

Explanation:
Housekeeping services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

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