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

Question

Share Report Error

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

A. 28%

B. 5%

C. 18%

D. 12%

Answer: Option C

Solution (By JKSSB Mock Tests)

Telecom services attract 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

Share Report

In the context of international trade, 'Terms of Trade' refer to:

A. Value of exports to value of imports

B. Ratio of import prices to export prices

C. Volume of exports to volume of imports

D. Ratio of export prices to import prices

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
Terms of Trade (TOT) is the ratio of a country's export prices to its import prices, usually expressed as an index.

This question belongs to: Economy GK Economy Set 1

Question #2

Share Report

The 'National Payments Corporation of India' operates which of the following?

A. BSE

B. IRDAI

C. NSE

D. UPI and RuPay

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
NPCI operates retail payment systems such as UPI, RuPay, NACH and IMPS.

This question belongs to: Economy GK Economy Set 1

Question #3

Share Report

The Real Effective Exchange Rate differs from NEER because REER:

A. includes only the US dollar

B. adjusts for relative price or inflation differences

C. ignores inflation

D. is always higher

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
REER is NEER adjusted for relative inflation differences.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs