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Free download in PDF of GST MCQs. We have composed some important questions on GST for competitive exams like Banking, SSC, UPSC, PSC, Railway exams, IBPS, SBI, LIC etc.
(21)
Coal comes under which GST rate Structure?
[A]
0%
[B]
5%
[C]
12%
[D]
18%
[E]
28%
Comment
(22)
The highest rate of tax prescribed under IGST is ________.
[A]
5%
[B]
12%
[C]
18%
[D]
28%
[E]
No such limit
Comment
(23)
The country with highest GST Rate in the world is
[A]
USA
[B]
India
[C]
China
[D]
Greece
[D]
Australia
Comment
Answer: Option [B]
India has the maximum tax slab (28%) compared to other countries.
(24)
_________ is the first state that passed GST Bill.
[A]
Bihar
[B]
Gujarat
[C]
Telangana
[D]
Andhra Pradesh
[E]
Uttar Pradesh
Comment
(25)
GST rate on Smart Phones is
[A]
0%
[B]
5%
[C]
12%
[D]
18%
[E]
28%
Comment
(26)
Combined Stake of Central and State Government in GSTN is _______.
[A]
20%
[B]
25%
[C]
49%
[D]
51%
[E]
100%
Comment
Answer: Option [C]
The Central and the state governments hold a combined stake of 49%, the remaining 51% stake is divided among five financial institutions—LIC Housing Finance with 11% stake and ICICI Bank, HDFC, HDFC Bank and NSE Strategic Investment Corporation Ltd with 10% stake each.
(27)
The Central Board of Excise and Customs (CBEC) announced that every year ________ will be considered as GST Day.
[A]
April 1
[B]
March 1
[C]
June 1
[D]
July 1
[E]
January 1
Comment
(28)
Under GST, Insurance is taxed _______ percent.
[A]
0%
[B]
5%
[C]
12%
[D]
18%
[E]
28%
Comment
(29)
Who is the chairman of GST committee of state finance ministers?
[A]
Amit Mitra
[B]
Amit kohli
[C]
Amit Sastri
[D]
Amit Malhodra
[E]
Amit Chandresekar
Comment
Answer: Option [A]
Amit Mitra (West Bengal Finance Minister) is the Finance Ministers Panel Chairman.
(30)
How many types of GST in India?
[A]
2
[B]
3
[C]
4
[D]
5
[E]
6
Comment
Answer: Option [C]
Central GST (CGST), State GST (SGST), Integrated Goods & Services Tax (IGST), Union Territory Goods & Services Tax (UTGST) are four types of taxes.
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