GST Quiz : Expected Question and Answers for Competitive Exams

1.

Before GST, insurance was taxed at 15 per cent. Under GST, this would go up to __________ per cent.

   A.) 18%
   B.) 15%
   C.) 12%
   D.) 5%

Answer: Option 'A'

18%

2.

The Central Board of Excise and Customs (CBEC) has recently announced that ___________ will be observed as GST Day ?

   A.) 1st June
   B.) 1st July
   C.) 30st June
   D.) 02nd July

Answer: Option 'B'

1st July

3.

Which country has the maximum GST rate slab of 28%? highest among more than 160 countries across the world that have implemented GST?

   A.) Canada
   B.) India
   C.) US
   D.) Argentina

Answer: Option 'B'

India

4.

France has implemented GST in which year?
Goods and Services Tax (GST)

   A.) 1966
   B.) 1956
   C.) 1954
   D.) 1964

Answer: Option 'C'

1954

5.

What is the Tax Rate on essential items like salt, unpacked food grains, healthcare services ?

   A.) 0%
   B.) 1%
   C.) 2%
   D.) 3%

Answer: Option 'A'

0%

6.

Transaction fee on various banking and financial services are expected to go up as GST will tax these services under _________ per cent tax rate from the current 15 per cent.

   A.) 16
   B.) 18
   C.) 28
   D.) 15

Answer: Option 'B'

18

7.

The Goods and Services Tax (GST) was first proposed in which year?

   A.) 2001
   B.) 2002
   C.) 2000
   D.) 2002

Answer: Option 'C'

2000

8.

Under GST, the electricity generation will get cheaper as the GST council has brought down the current tax on coal to _____________ per cent from the previous tax rate of 11.69 per cent.

   A.) 15%
   B.) 18%
   C.) 5%
   D.) 12%

Answer: Option 'C'

5%

9.

Only ______________ has dual GST model (Just like India is going to implement Dual GST Model).

   A.) Canada
   B.) Bahamas
   C.) Jamaica
   D.) Mexico

Answer: Option 'A'

Canada

10.

The IGST is charged by?

   A.) Central Government of India
   B.) State Government of Andhra
   C.) Only 1
   D.) Only 2

Answer: Option 'A'

Central Government of India

11.

__________ is doing away with indirect taxes such Central Excise Duty, Service Tax, Addl. Customs Duty, Special Addl. Customs Duty as well as Addl. Excise Duty (These indirect taxes are those that are collected by the Centre).

   A.) SGST
   B.) CGST
   C.) IGST
   D.) None

Answer: Option 'B'

CGST

12.

What is IGST?

   A.) Integrated Goods and Service Tax
   B.) Indian Goods and Service Tax
   C.) Initial Goods and Service Tax
   D.) None

Answer: Option 'A'

Integrated Goods and Service Tax

13.

The main objective of GST is to ______________ excessive taxation.

   A.) exempt
   B.) exclude
   C.) eliminate
   D.) None

Answer: Option 'C'

eliminate

14.

Which Article of the Constitution as amended by 101st Constitutional Amendment Act, 2016 defines the Goods and Services tax (GST) as a tax on supply of goods or services or both?

   A.) Article 366 (12A)
   B.) Article 366 (1A)
   C.) Article 356 (12A)
   D.) Article 356 (1A)

Answer: Option 'A'

Article 366 (12A)

15.

India has chosen ____________ model of dual-GST?

   A.) Canadian
   B.) Cuba
   C.) Belize
   D.) Nicaragua

Answer: Option 'A'

Canadian

16.

Which country has the second-highest GST rate of 27%?

   A.) Colombia
   B.) Brazil
   C.) Argentina
   D.) Chile

Answer: Option 'C'

Argentina

17.

Common use products like hair oil, soaps and toothpaste will be charged with a GST of ___________ per cent.

   A.) 5%
   B.) 12%
   C.) 18%
   D.) 12%

Answer: Option 'C'

18%

18.

Chewing gums, white chocolate, chocolates containing cocoa, wafers coated with chocolate, instant coffee, custard powder, students' colours, paints, varnishes, perfumes, beauty products, sunscreen, shampoos, hair dyes, after-shave lotions and deodorants will attract tax rate of ________________ per cent. 

   A.) 18%
   B.) 28%
   C.) 15%
   D.) 12%

Answer: Option 'B'

28%

19.

Household items like sugar, tea, coffee (barring instant coffee) and edible oil will attract the tax rate of _______________ per cent

   A.) 8%
   B.) 5%
   C.) 18%
   D.) 16%

Answer: Option 'B'

5%

20.

__________ is doing away with indirect taxes such Central Excise Duty, Service Tax, Addl. Customs Duty, Special Addl. Customs Duty as well as Addl. Excise Duty (These indirect taxes are those that are collected by the Centre).

   A.) CGST
   B.) SGST
   C.) IGST
   D.) RGST

Answer: Option 'A'

CGST


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