The 'Goods and Services Tax' refund for exporters is available through: MCQ with Answer and Explanation

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The 'Goods and Services Tax' refund for exporters is available through:

A. customs only

B. GST refund mechanism

C. income tax return

D. SEBI

Answer: Option B

Solution (By JKSSB Mock Tests)

Exporters can claim refunds of accumulated input tax credit under GST.

This question belongs to: Economy GK Economy Set 1

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Question #1

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

A. not under GST

B. 5%

C. 0%

D. 18%

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Correct Answer: Option A

Explanation:
Electricity is outside GST and subject to state electricity duties.

This question belongs to: Economy GK Economy Set 1

Question #2

An expansionary fiscal policy consists of:

A. increasing taxes and reducing government expenditure

B. reducing taxes or increasing government expenditure

C. reducing money supply

D. raising the repo rate

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Correct Answer: Option B

Explanation:
Expansionary fiscal policy increases aggregate demand through lower taxes or higher government expenditure.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Eighth Five Year Plan' period was:

A. 1992-1997

B. 1997-2002

C. 1987-1992

D. 1990-1995

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Correct Answer: Option A

Explanation:
The Eighth Five Year Plan covered 1992-1997.

This question belongs to: Economy GK Economy Set 1

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