GST - General Awareness Multiple Choice Questions with Answers for Competitive Exams

(1) The headquarters of GST council is located at _______.
[A] New Delhi
[B] Lucknow
[C] Ahmadabad
[D] Mumbai
[E] Hyderabad

Comment

Answer: Option [A]
(2) Which state became the first state of India to ratify GST bill?
[A] Bihar
[B] Telangana
[C] Assam
[D] Andhra Pradesh
[E] Arunachal Pradesh

Comment

Answer: Option [C]

Assam became the first state in the country to ratify the constitution amendment bill on the Goods and Services Tax (GST) as the assembly unanimously passed the bill.

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(3) GST was introduced as the _____ amendment Act.
[A] 100
[B] 101
[C] 102
[D] 103
[D] 104

Comment

Answer: Option [B]
(4) A special purpose vehicle _______ has been launched to cater the needs of GST.
[A] GSTS
[B] GSTR
[C] GSTM
[D] GSTN
[E] GSTC

Comment

Answer: Option [D]

GSTN - Goods and Services Tax Network.

(5) GST threshold limit barring North East (NE) and hilly states is ______ lakh.
[A] 10
[B] 15
[C] 20
[D] 25
[E] 30

Comment

Answer: Option [A]
(6) Who is the chairman of GST council?
[A] RBI Governor
[B] Prime Minister
[C] Finance secretary
[D] President of India
[E] Finance Minister

Comment

Answer: Option [E]

Finance Minister Arun Jaitley is the current chairman of GST council.

(7) GST is a ___ based tax on consumption of goods and services.
[A] Origin
[B] Destiny
[C] Development
[D] Destination
[E] Dividend

Comment

Answer: Option [D]

Destination based tax or consumption tax are levied where goods and services are consumed. In destination-based taxation, exports are allowed with zero taxes whereas imports are taxed on par with the domestic production.

(8) In which year GST was first proposed in India?
[A] 2000
[B] 2002
[C] 2004
[D] 2006
[E] None of the above

Comment

Answer: Option [A]
(9) In IGST, I stands for
[A] Intra
[B] Integrated
[C] Internal
[D] Innovation
[E] International

Comment

Answer: Option [B]
(10) Indian GST model has how many bands of tax rates?
[A] 2
[B] 3
[C] 4
[D] 5
[E] 6

Comment

Answer: Option [C]

In India GST model has 4 rate structure. They are 5%, 12%, 18% and 28%.

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