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

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The 'Goods and Services Tax' rate on water supply is:

A. 18%

B. not under GST

C. 5%

D. 0%

Answer: Option D

Solution (By JKSSB Mock Tests)

Water supply through public taps is exempt from GST.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Goods and Services Tax' on sale of under-construction residential non-affordable housing is:

A. 12%

B. 1%

C. 5% without ITC

D. 18%

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Correct Answer: Option C

Explanation:
Non-affordable residential under-construction property attracts 5% GST without ITC.

This question belongs to: Economy GK Economy Set 1

Question #2

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Public-Private Partnership refers to:

A. merger of public sector banks

B. complete private ownership of public assets

C. collaboration between government and private sector for infrastructure or service delivery

D. nationalization of private firms

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Correct Answer: Option C

Explanation:
PPP is a collaboration between government and private sector for infrastructure or public service delivery.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Samagra Shiksha Abhiyan' integrates which three schemes?

A. SSA, RMSA, Teacher Education

B. Teacher Education, PMKVY, UJALA

C. SSA, MGNREGA, PMAY

D. RMSA, ICDS, NSAP

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Correct Answer: Option A

Explanation:
Samagra Shiksha Abhiyan integrates Sarva Shiksha Abhiyan, Rashtriya Madhyamik Shiksha Abhiyan and Teacher Education.

This question belongs to: Economy GK Economy Set 1

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