GST Quiz : Expected Question and Answers for Competitive Exams

1.

Which country is the First to Implement GST?

   A.) Brazil
   B.) Argentina
   C.) France
   D.) Canada

Answer: Option 'C'

France

2.

The main objective of GST is to ______________ excessive taxation.

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

Answer: Option 'C'

eliminate

3.

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

4.

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%

Answer: Option 'C'

5%, 12%, 18% and 28%

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.

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)

7.

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

8.

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

Answer: Option 'D'

Central Goods and Service Tax

9.

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

10.

Around how many countries have already implemented the GST?

   A.) 157
   B.) 158
   C.) 159
   D.) 160

Answer: Option 'D'

160

11.

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

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

Answer: Option 'C'

1954

12.

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%

13.

Tax rate  on the Luxury and demerit goods will be ____________  plus cess.

   A.) 26%
   B.) 27%
   C.) 28%
   D.) 25%

Answer: Option 'C'

28%

14.

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

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

Answer: Option 'C'

Argentina

15.

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%

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