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

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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.
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(21) Coal comes under which GST rate Structure?
[A] 0%
[B] 5%
[C] 12%
[D] 18%
[E] 28%

Comment

Answer: Option [B]
(22) The highest rate of tax prescribed under IGST is ________.
[A] 5%
[B] 12%
[C] 18%
[D] 28%
[E] No such limit

Comment

Answer: Option [D]

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(23) The country with highest GST Rate in the world is
[A] USA
[B] India
[C] China
[D] Greece
[D] Australia

Comment

Answer: Option [B]

India has the maximum tax slab (28%) compared to other countries.

(24) _________ is the first state that passed GST Bill.
[A] Bihar
[B] Gujarat
[C] Telangana
[D] Andhra Pradesh
[E] Uttar Pradesh

Comment

Answer: Option [C]
(25) GST rate on Smart Phones is
[A] 0%
[B] 5%
[C] 12%
[D] 18%
[E] 28%

Comment

Answer: Option [C]
(26) Combined Stake of Central and State Government in GSTN is _______.
[A] 20%
[B] 25%
[C] 49%
[D] 51%
[E] 100%

Comment

Answer: Option [C]

The Central and the state governments hold a combined stake of 49%, the remaining 51% stake is divided among five financial institutions—LIC Housing Finance with 11% stake and ICICI Bank, HDFC, HDFC Bank and NSE Strategic Investment Corporation Ltd with 10% stake each.

(27) The Central Board of Excise and Customs (CBEC) announced that every year ________ will be considered as GST Day.
[A] April 1
[B] March 1
[C] June 1
[D] July 1
[E] January 1

Comment

Answer: Option [D]
(28) Under GST, Insurance is taxed _______ percent.
[A] 0%
[B] 5%
[C] 12%
[D] 18%
[E] 28%

Comment

Answer: Option [D]
(29) Who is the chairman of GST committee of state finance ministers?
[A] Amit Mitra
[B] Amit kohli
[C] Amit Sastri
[D] Amit Malhodra
[E] Amit Chandresekar

Comment

Answer: Option [A]

Amit Mitra (West Bengal Finance Minister) is the Finance Ministers Panel Chairman.

(30) How many types of GST in India?
[A] 2
[B] 3
[C] 4
[D] 5
[E] 6

Comment

Answer: Option [C]

Central GST (CGST), State GST (SGST), Integrated Goods & Services Tax (IGST), Union Territory Goods & Services Tax (UTGST) are four types of taxes.

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