Current Affairs Quiz 2024Courses UGC NETADRE 2.0Computer Tests

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

Download PDF

Free download in PDF of GST MCQs. We have composed some important questions on GST for competitive exams like Banking, SSC, UPSC, PSC, Railway exams, IBPS, SBI, LIC etc.
Go To Download Page
(11) The country with second highest tax slab i.e. 27% is:
[A] South Korea
[B] Ireland
[C] Argentina
[D] Netherland
[E] Australia

Comment

Answer: Option [C]

Argentina has the second highest tax slab 27%

(12) In India GST came effective from July 1st, 2017. From which country India has borrowed Dual GST Model?
[A] Canadian
[B] Japan
[C] China
[D] USA
[E] Australia

Comment

Answer: Option [A]

DOWNLOAD CURRENT AFFAIRS PDF FROM APP

Article and Schedule Quiz Start Test!
(13) Presently how many countries have implemented GST?
[A] 102
[B] 120
[C] 140
[D] 160
[D] 180

Comment

Answer: Option [D]
(14) The tax IGST charged by _______ Government.
[A] Central
[B] State
[C] Concerned department
[D] Both A and B
[E] All A, B and C

Comment

Answer: Option [A]

IGST is charged when movement of goods and services from one state to another. For example, if goods are moved from Assam to West Bengal, IGST is levied on such goods.

(15) GST comes under which amendment bill?
[A] 118
[B] 120
[C] 122
[D] 115
[E] 129

Comment

Answer: Option [C]
(16) Creation of the GST Council as per Article _________ of the amended Constitution;
[A] 286A
[B] 255A
[C] 266A
[D] 289A
[E] 279A

Comment

Answer: Option [E]
(17) GST exemption threshold limit of North Eastern States is ______ lakh.
[A] 5
[B] 10
[C] 12
[D] 15
[E] 20

Comment

Answer: Option [B]
(18) Which of the following comes under sin tax?
[A] Pan Masala
[B] Tobacco
[C] Alcohol
[D] Both A and C
[E] All A, B and C

Comment

Answer: Option [E]

Sin taxes are imposed to discourage consumers from using goods or services that are seen as undesirable or detrimental to society.

(19) GSTN comes under which Act?
[A] Banking Regulation Act 1949
[B] RBI Act 1934
[C] Companies Act, 2013
[D] Limitation Act, 1963
[E] Indian Partnership Act, 1932

Comment

Answer: Option [C]
(20) What does N stands for in HSN?
[A] Nomenclature
[B] Nationalization
[C] Nominee
[D] Network
[E] Nomination

Comment

Answer: Option [A]

HSN means Harmonized System of Nomenclature code used for classifying the goods under the GST, Goods and Services Tax.

Take Mock Tests

Missiles Mock Test Start Test!
SSC MTS Mock Test Start Test
IBPS CLERK MOCK TEST Start Test
SSC MTS 2022 JULY 26 Shift 1 (ENGLISH) Start Test!
SSC GD Previous Year Paper 2021 Nov 17 Shift - I (Hindi) Start Test!
SSC CGL Tier - 1 PYP 2022 April 21 Shift- 1 (ENGLISH) Start Test!
MPSC PAPER I MOCK TEST 1 (ENGLISH) Start Test!
IB Security Assistant Mock test 1 (english) Start Test!
UP POLICE CONSTABLE MOCK TEST 1 Start Test!
DELHI POLICE CONSTABLE MOCK TEST 1 (HINDI) Start Test!
LEAVE A COMMENT