The concept of Goods and Services Tax (GST) is originated in– (A) Canada (B) USA (C) Britain (D) Germany

The concept of Goods and Services Tax (GST) is originated in– (A) Canada (B) USA (C) Britain (D) Germany
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(A) Canada
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GST is a ................... based tax on consumption of goods and services. (A) Origin (B) Destiny (C) Development (D) Destination

Description : GST is a ................... based tax on consumption of goods and services. (A) Origin (B) Destiny (C) Development (D) Destination

Last Answer : (D) Destination

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

Description : 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

Last Answer : (B) Indirect Tax

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 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

Description : 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

Last Answer : (B) Indirect Tax

In India GST came affective from July 1st, 2017, India has chosen ................... model of dual – GST. (A) USA (B) UK (C) Canadian (D) China

Description : In India GST came affective from July 1st, 2017, India has chosen ................... model of dual – GST. (A) USA (B) UK (C) Canadian (D) China

Last Answer : C) Canadian

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

Description : The country with highest GST Rate in the world is– (A) USA (B) India (C) China (D) Greece

Last Answer : (B) India

Which of the following country is the first one to implement GST? (A) USA (B) France (C) China (D) Switzerland

Description : Which of the following country is the first one to implement GST? (A) USA (B) France (C) China (D) Switzerland

Last Answer : (B) France

Indian GST model has how many bands of tax rates? (A) 2 (B) 3 (C) 4 (D) 5

Description : Indian GST model has how many bands of tax rates? (A) 2 (B) 3 (C) 4 (D) 5

Last Answer : (C) 4

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

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

Last Answer : (A) Service Tax

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

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

Last Answer : (A) Service Tax

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

Description : 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

Last Answer : (B) Tax imposed on interstate trade

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

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

Last Answer : (C) Tax imposed on interstate trade

Under GST, Smartphones will be taxed at ................... per cent. (A) 14% (B) 12% (C) 18% (D) 5%

Description : Under GST, Smartphones will be taxed at ................... per cent. (A) 14% (B) 12% (C) 18% (D) 5%

Last Answer : (B) 12%

GST council formation based on Article number– (A) 279A (B) 289A (C) 266A (D) 255A

Description : GST council formation based on Article number– (A) 279A (B) 289A (C) 266A (D) 255A

Last Answer : (A) 279A

Under which Act GST was introduced? (A) 100 (B) 101 (C) 102 (D) 103

Description : Under which Act GST was introduced? (A) 100 (B) 101 (C) 102 (D) 103

Last Answer : (B) 101

In India, the GST Council has come out with a four-rate structure. They are? (A) 5%, 12%, 18% and 24% (B) 5%, 12%, 18% and 26% (C) 5%, 12%, 18% and 28% (D) 5%, 12%, 16% and 28%

Description : In India, the GST Council has come out with a four-rate structure. They are? (A) 5%, 12%, 18% and 24% (B) 5%, 12%, 18% and 26% (C) 5%, 12%, 18% and 28% (D) 5%, 12%, 16% and 28%

Last Answer : (C) 5%, 12%, 18% and 28%

Who is the chairman of GST committee of state finance ministers? (A) Amit Mitra (B) Amit kohli (C) Amit Sastri (D) Amit Malhodra

Description : Who is the chairman of GST committee of state finance ministers? (A) Amit Mitra (B) Amit kohli (C) Amit Sastri (D) Amit Malhodra

Last Answer : (A) Amit Mitra

The Central Board of Excise and Customs (CBE(C) announced that every year ................... will be considered as GST Day. (A) April 1 (B) March 1 (C) June 1 (D) July 1

Description : The Central Board of Excise and Customs (CBE(C) announced that every year ................... will be considered as GST Day. (A) April 1 (B) March 1 (C) June 1 (D) July 1

Last Answer : (D) July 1

A special purpose vehicle ................... has been launched to cater the needs of GST. (A) GSTS (B) GSTR (C) GSTM (D) GSTN

Description : A special purpose vehicle ................... has been launched to cater the needs of GST. (A) GSTS (B) GSTR (C) GSTM (D) GSTN

Last Answer : (D) GSTN

GST was introduced as the ................... amendment Act. A 100 (B) 101 (C) 102 (D) 103

Description : GST was introduced as the ................... amendment Act. A 100 (B) 101 (C) 102 (D) 103

Last Answer : (B) 101

India has chosen ................... model of dual-GST? (A) Canadian (B) Cuba (C) Belize (D) Nicaragua

Description : India has chosen ................... model of dual-GST? (A) Canadian (B) Cuba (C) Belize (D) Nicaragua

Last Answer : (A) Canadian

Which country has the second-highest GST rate of 27%? (A) Colombia (B) Brazil (C) Argentina (D) Chile

Description : Which country has the second-highest GST rate of 27%? (A) Colombia (B) Brazil (C) Argentina (D) Chile

Last Answer : (C) Argentina

How many types of GST in India? (A) 2 (B) 3 (C) 4 (D) 5

Description : How many types of GST in India? (A) 2 (B) 3 (C) 4 (D) 5

Last Answer : (B) 3

GST comes under which amendment bill? (A) 118 (B) 120 (C) 122 (D) 115

Description : GST comes under which amendment bill? (A) 118 (B) 120 (C) 122 (D) 115

Last Answer : (C) 122

Who is the chairman of GST council? (A) RBI Governor (B) Prime Minister (C) Finance secretary (D) Finance Minister

Description : Who is the chairman of GST council? (A) RBI Governor (B) Prime Minister (C) Finance secretary (D) Finance Minister

Last Answer : (D) Finance Minister

Which constitutional amendment is done to pass the GST bill? (A) 101st (B) 120th (C) 122nd (d) 115th

Description : Which constitutional amendment is done to pass the GST bill? (A) 101st (B) 120th (C) 122nd (d) 115th

Last Answer : (A) 101st

GST will be levied on– (A) Manufacturers (B) Retailers (C) Consumers (D) All of the above

Description : GST will be levied on– (A) Manufacturers (B) Retailers (C) Consumers (D) All of the above

Last Answer : (D) All of the above

Which article spells formation of GST Council? (A) 270 (B) 246A (2) (C) 269A (1) (D) 279A (

Description : Which article spells formation of GST Council? (A) 270 (B) 246A (2) (C) 269A (1) (D) 279A (

Last Answer : (A) 270

Who is the head of the GST council? (A) Shashi Kant Das (B) Amit Mitra (C) Arun Jaitley (D) Hasmukh Adhia

Description : Who is the head of the GST council? (A) Shashi Kant Das (B) Amit Mitra (C) Arun Jaitley (D) Hasmukh Adhia

Last Answer : (C) Arun Jaitley

How many countries have dual – GST model? (A) 5 (B) 8 (C) 10 (D) None of these

Description : How many countries have dual – GST model? (A) 5 (B) 8 (C) 10 (D) None of these

Last Answer : (D) None of these

Presently how many countries have implemented GST? (A) 102 (B) 120 (C) 140 (D) 160

Description : Presently how many countries have implemented GST? (A) 102 (B) 120 (C) 140 (D) 160

Last Answer : (D) 160

The headquarters of GST council is located at– (A) New Delhi (B) Lucknow (C) Ahmadabad (D) Mumbai

Description : The headquarters of GST council is located at– (A) New Delhi (B) Lucknow (C) Ahmadabad (D) Mumbai

Last Answer : (A) New Delhi

In which year GST was first introduced in India? (A) 2000 (B) 2002 (C) 2004 (D) 2006

Description : In which year GST was first introduced in India? (A) 2000 (B) 2002 (C) 2004 (D) 2006

Last Answer : (A) 2000

Which state became the first state of India to ratify GST bill? (A) Bihar (B) Telangana (C) Assam (D) Andhra Pradesh

Description : Which state became the first state of India to ratify GST bill? (A) Bihar (B) Telangana (C) Assam (D) Andhra Pradesh

Last Answer : (C) Assam

What is IGST? (A) Integrated Goods and Service Tax (B) Indian Goods and Service Tax (C) Initial Goods and Service Tax (D) None of these

Description : What is IGST? (A) Integrated Goods and Service Tax (B) Indian Goods and Service Tax (C) Initial Goods and Service Tax (D) None of these

Last Answer : (A) Integrated Goods and Service Tax

What is SGST? (A) State Goods and Service Tax (B) S Goods and Service Tax (C) South Goods and Service Tax (D) None of these

Description : What is SGST? (A) State Goods and Service Tax (B) S Goods and Service Tax (C) South Goods and Service Tax (D) None of these

Last Answer : (A) State Goods and Service Tax

What is CGST? (A) Center Goods and Service Tax (B) Capital Goods and Service Tax (C) Capacity Goods and Service Tax (D) Central Goods and Service Tax

Description : What is CGST? (A) Center Goods and Service Tax (B) Capital Goods and Service Tax (C) Capacity Goods and Service Tax (D) Central Goods and Service Tax

Last Answer : (D) Central Goods and Service Tax

The highest rate of tax prescribed under IGST is– (A) 5% (B) 12% (C) 18% (D) 28%

Description : The highest rate of tax prescribed under IGST is– (A) 5% (B) 12% (C) 18% (D) 28%

Last Answer : (D) 28%

he tax IGST charged by ................... Government. (A) Central (B) State (C) Concerned department (D) Both A and B

Description : he tax IGST charged by ................... Government. (A) Central (B) State (C) Concerned department (D) Both A and B

Last Answer : (A) Central

GSTN comes under which Act? (A) Banking Regulation Act 1949 (B) RBI Act 1934 (C) Indian Partnership Act, 1932 (D) Companies Act, 2013 (Ans : D) 45. Combined Stake of Central and State Government in GSTN is– (A) 20% (B) 25% (C) 49% (D) 51%

Description : GSTN comes under which Act? (A) Banking Regulation Act 1949 (B) RBI Act 1934 (C) Indian Partnership Act, 1932 (D) Companies Act, 2013 (Ans : D) 45. Combined Stake of Central and State Government in GSTN is– (A) 20% (B) 25% (C) 49% (D) 51%

Last Answer : (C) 49%

Ayurvedic products comes under which rate structure? (A) 14% (B) 15% (C) 12% (D) 11%

Description : Ayurvedic products comes under which rate structure? (A) 14% (B) 15% (C) 12% (D) 11%

Last Answer : C) 12%

The IGST is charged by? (A) Central Government of India (B) State Government of Andhra (C) Only 1 (D) Only 2

Description : The IGST is charged by? (A) Central Government of India (B) State Government of Andhra (C) Only 1 (D) Only 2

Last Answer : (A) Central Government of India

Combined Stake of Central and State Government in GSTN is– (A) 20% (B) 25% (C) 49% (D) 51%

Description : Combined Stake of Central and State Government in GSTN is– (A) 20% (B) 25% (C) 49% (D) 51%

Last Answer : (C) 49%

The concept of 'Right of service' originated in — (1) The United States of America (2) Switzerland (3) Great Britain (4) China

Description : The concept of 'Right of service' originated in — (1) The United States of America (2) Switzerland (3) Great Britain (4) China

Last Answer : (3) Great Britain Explanation: The concept of `Right of Service' originated in Great Britain.

The concept of Constitution first originated in – (1) Switzerland (2) Britain (3) U.S.A. (4) Japan

Description : The concept of Constitution first originated in – (1) Switzerland (2) Britain (3) U.S.A. (4) Japan

Last Answer : (2) Britain Explanation: England is treated as the place where the constitutional concept germinated, though the ancient Greek and Roman Republics, too, had such a facility. In England, Henry Fs proclamation of ... , outlaw, exile or kill anyone at a whim there must be due process of law first.

The concept of Public Interest Litigation originated in – (1) The United Kingdom (2) Australia (3) The United States (4) Canada

Description : The concept of Public Interest Litigation originated in – (1) The United Kingdom (2) Australia (3) The United States (4) Canada

Last Answer : (3) The United States Explanation: The concept of public Interest litigation (PIL) originated in the USA.

The parliamentary system of Government in India is based on the pattern of parliamentary government: a. Canada b. Germany c. Britain d. France

Description : The parliamentary system of Government in India is based on the pattern of parliamentary government: a. Canada b. Germany c. Britain d. France

Last Answer : c. Britain

The Statue of Liberty was made in __________ (A) the USA. (B) Britain. (C) France. (D) Germany.

Description : The Statue of Liberty was made in __________ (A) the USA. (B) Britain. (C) France. (D) Germany.

Last Answer : (C) France. 

The phrase equality before law used in Article 14 of Indian Constitution has been borrowed from the Constitution of - (1) Britain (2) USA (3) France (4) Canada

Description : The phrase equality before law used in Article 14 of Indian Constitution has been borrowed from the Constitution of - (1) Britain (2) USA (3) France (4) Canada

Last Answer : (1) Britain Explanation: The phrase equality before law of Indian Constitution has been borrowed from Britain. The term Republic and the idea of liberty, equality and fraternity in the preamble was borrowed from constitution of France.

Directive Principles of State Policy in the Indian Constitution were taken from the Constitution of – (1) Britain (2) Ireland (3) USA (4) Canada

Description : Directive Principles of State Policy in the Indian Constitution were taken from the Constitution of – (1) Britain (2) Ireland (3) USA (4) Canada

Last Answer : (2) Ireland Explanation: The Constitution lays down certain Directive Principles of State Policy which though not justiceabie, are 'fundamental in governance of the country'. The concept of Directive Principles of State Policy was borrowed from the Irish Constitution.

Directive Principles of State Policy in the Indian Constitution were taken from the Constitution of (1) Canada (2) Britain (3) Ireland (4) USA

Description : Directive Principles of State Policy in the Indian Constitution were taken from the Constitution of (1) Canada (2) Britain (3) Ireland (4) USA

Last Answer : (3) Ireland Explanation: The makers of the Constitution of India were influenced by the Irish nationalist movement. Hence, the Directive Principles of the Indian constitution have been greatly influenced by the Directive Principles of State Policy as enshrined in the Irish Constitution.