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

Sports GK Questions and Answers 2024 (Latest Updated)

Awards & Honours GK Questions 2024 (Latest Updated)

Questions
11 The country with second highest tax slab i.e. 27% is:
A South Korea
B Ireland
C Argentina
D Netherland
E Australia

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

Answer: Option [A]
Advertisement
Article and Schedule Quiz Start Test!
DOWNLOAD CURRENT AFFAIRS PDF FROM APP
13 Presently how many countries have implemented GST?
A 102
B 120
C 140
D 160
D 180

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

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

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

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

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

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

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

Answer: Option [A]

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

Random GK Questions

Q. Identify the punishable offence by a Bank Account holder ?
Q. Section of IPC, which deals with LGBT (Lesbian, Gay, Bisexual and Transgender) community is:
Q. The nutritional deficiency condition that needs to be given top priority for remedial action in India today is
Q. The method not used as a Biological control is:
Q. The highest and final judicial tribunal of India is :
Q. A transformer

ADRE 2.0 FULL LENGTH MOCK TEST

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!
Assam Direct Recruitment Test Series

GK Topics