The 'GST Network' is a: MCQ with Answer and Explanation

Question

Share Report Error

The 'GST Network' is a:

A. government department

B. public sector undertaking

C. private limited company

D. statutory body

Answer: Option C

Solution (By JKSSB Mock Tests)

GSTN is a Section 8 private limited company.

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

Which of the following is a characteristic of the 'Splinternet' or 'Digital Fragmentation' concern?

A. The absence of any regulatory differences

B. Only the growth of a single global platform

C. The risk that the global internet may fragment into separate national or regional networks with incompatible rules and standards

D. The complete global harmonisation of all digital rules

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
Digital fragmentation (or the 'splinternet') refers to the potential balkanisation of the internet into distinct spheres governed by divergent national regulations, technical standards and platform ecosystems.

This question belongs to: Economy GK Economy Set 1

Question #2

Share Report

The 'National Anti-profiteering Authority' under GST was set up to ensure:

A. benefits of GST rate cuts are passed to consumers

B. more exports

C. fewer returns

D. higher GST collections

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
National Anti-profiteering Authority ensures that tax reductions are passed on to consumers.

This question belongs to: Economy GK Economy Set 1

Question #3

Share Report

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

A. 28%

B. 5%

C. 12%

D. 18%

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
Internet services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs