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

Questions
21 Coal comes under which GST rate Structure?
A 0%
B 5%
C 12%
D 18%
E 28%

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

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

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

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

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

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

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

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

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

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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