The 'Goods and Services Tax' replaced which of the following state taxes? MCQ with Answer and Explanation

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The 'Goods and Services Tax' replaced which of the following state taxes?

A. Entry tax

B. Corporate tax

C. Income tax

D. Wealth tax

Answer: Option A

Solution (By JKSSB Mock Tests)

GST subsumed entry tax and other indirect taxes.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'National Family Health Survey' is conducted by:

A. Ministry of Health and Family Welfare with IIPS

B. NSSO

C. RBI

D. NITI Aayog

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Correct Answer: Option A

Explanation:
NFHS is conducted by the Ministry of Health and Family Welfare with the International Institute for Population Sciences.

This question belongs to: Economy GK Economy Set 1

Question #2

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

A. 28%

B. 18% for commercial construction

C. 12%

D. 5%

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Correct Answer: Option B

Explanation:
Commercial construction services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Agricultural Census' in India is conducted by the Ministry of Agriculture and Farmers Welfare every how many years?

A. 10 years

B. 3 years

C. 5 years

D. 2 years

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Correct Answer: Option C

Explanation:
The Agricultural Census is conducted every five years.

This question belongs to: Economy GK Economy Set 1

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