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
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
Description : Which country has the second-highest GST rate of 27%? (A) Colombia (B) Brazil (C) Argentina (D) Chile
Last Answer : (C) Argentina
Description : The concept of Goods and Services Tax (GST) is originated in– (A) Canada (B) USA (C) Britain (D) Germany
Last Answer : (A) Canada
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%
Description : India has chosen ................... model of dual-GST? (A) Canadian (B) Cuba (C) Belize (D) Nicaragua
Last Answer : (A) Canadian
Description : How many types of GST in India? (A) 2 (B) 3 (C) 4 (D) 5
Last Answer : (B) 3
Description : In which year GST was first introduced in India? (A) 2000 (B) 2002 (C) 2004 (D) 2006
Last Answer : (A) 2000
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
Description : Under GST, Smartphones will be taxed at ................... per cent. (A) 14% (B) 12% (C) 18% (D) 5%
Last Answer : (B) 12%
Description : GST council formation based on Article number– (A) 279A (B) 289A (C) 266A (D) 255A
Last Answer : (A) 279A
Description : Under which Act GST was introduced? (A) 100 (B) 101 (C) 102 (D) 103
Last Answer : (B) 101
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
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
Description : Indian GST model has how many bands of tax rates? (A) 2 (B) 3 (C) 4 (D) 5
Last Answer : (C) 4
Description : GST is a ................... based tax on consumption of goods and services. (A) Origin (B) Destiny (C) Development (D) Destination
Last Answer : (D) Destination
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
Description : GST was introduced as the ................... amendment Act. A 100 (B) 101 (C) 102 (D) 103
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
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
Description : GST comes under which amendment bill? (A) 118 (B) 120 (C) 122 (D) 115
Last Answer : (C) 122
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
Description : Which constitutional amendment is done to pass the GST bill? (A) 101st (B) 120th (C) 122nd (d) 115th
Last Answer : (A) 101st
Description : GST will be levied on– (A) Manufacturers (B) Retailers (C) Consumers (D) All of the above
Last Answer : (D) All of the above
Description : 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 article spells formation of GST Council? (A) 270 (B) 246A (2) (C) 269A (1) (D) 279A (
Last Answer : (A) 270
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
Description : How many countries have dual – GST model? (A) 5 (B) 8 (C) 10 (D) None of these
Last Answer : (D) None of these
Description : Presently how many countries have implemented GST? (A) 102 (B) 120 (C) 140 (D) 160
Last Answer : (D) 160
Description : The headquarters of GST council is located at– (A) New Delhi (B) Lucknow (C) Ahmadabad (D) Mumbai
Last Answer : (A) New Delhi
Description : The highest rate of tax prescribed under IGST is– (A) 5% (B) 12% (C) 18% (D) 28%
Last Answer : (D) 28%
Description : Ayurvedic products comes under which rate structure? (A) 14% (B) 15% (C) 12% (D) 11%
Last Answer : C) 12%
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
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%
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
Description : Combined Stake of Central and State Government in GSTN is– (A) 20% (B) 25% (C) 49% (D) 51%
Description : he tax IGST charged by ................... Government. (A) Central (B) State (C) Concerned department (D) Both A and B
Last Answer : (A) Central
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
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
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
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
Description : GST was first imposed by which country in the world?
Last Answer : Answer is: France
Description : In which of the following countries long staple type of cotton is mainly grown? (1) India (2) Egypt (3) Greece (4) China
Last Answer : (2) Egypt Explanation: The merger between Commodity Exchange Inc. and the New York Mercantile exchange has created the world's largest physical futures trading exchange, called COMEX. Since the ... COMEX) and Chicago Mercantile Exchange (CME) is the world's largest gold futures trading center.
Description : In which of the following countries long staple type of cotton is mainly grown ? (1) India (2) Egypt (3) Greece (4) China
Last Answer : Egypt
Description : How was the institution of slavery different in China under the Han Dynasty than it was in Ancient Greece and Rome?
Last Answer : Slaves made up a much smaller part of the population in the HanDynasty than they did in Greece or Rome.
Description : 2008 Olympic games were held in (1) China (2) Greece (3) Italy (4) France
Last Answer : (1) China
Description : Which country has the first Railway? A. China B. Russia C. India D. USA
Last Answer : B [Russia] Explanation: The first railway line was built in Russia in 1837 between SaintPetersburg and Tsarskoye Selo.
Description : The country that attract the largest FDI inflow is A. India B. China C. USA D. Brazil
Last Answer : India
Description : country has the largest share of the global coal reserves? a) Russia b) China c) USA d) India
Last Answer : usa