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

31 Which of the following country is the first one to implement GST to reduce tax-evasion?
B France
C Germany
D Switzerland

Answer: Option [B]

France implemented GST in 1954.

32 What is Integrated Goods and Services Tax?
A Tax on international trade
B Tax imposed on interstate trade
C Tax imposed on value additions to exports
D Tax imposed on imported goods and services

Answer: Option [B]
33 Which of the following statement is not correct about GST?
A GST will abolish all the direct tax levied in India
B It will unified the tax structure in India
C It will be implemented from 1 July, 2017 throughout the country.
D GST is like a last-point retail tax. GST is going to be collected at point of Sale.

Answer: Option [A]

GST will abolish all the Indirect Tax levied in India.

34 GST will be levied on ___________ .
A Manufacturers
B Retailers
C Consumers
D All of the above

Answer: Option [D]

The GST is an indirect tax which means that the tax is passed on till the last stage wherein it is the customer of the goods and services who bears the tax.

35 What kind of Tax is GST?
A Direct Tax
B Indirect Tax
C Depends on the type of goods and services
D None of the above

Answer: Option [B]

Goods and Services Tax is an indirect tax which will be levied on the goods and services both.

36 Which of the following tax will be abolished by the GST?
A Service Tax
B Income Tax
C Wealth Tax
D Corporation tax

Answer: Option [A]

GST will subsume all the indirect taxes applicable in India. Service tax is an indirect tax so it will be abolished throughout India.

General Knowledge

Month-wise Current Affairs 2021

Category-wise Current Affairs

Jobs by Qualification

Free Mock Test