General Knowledge General Studies And General Awareness Questions With Answers

26). Under GST, Insurance is taxed _____ percent.
a) 0%
b) 5%
c) 12%
d) 18%
e) 28%

View Answer
d) 18%

27). Which of the following comes under sin tax?
a) Pan Masala
b) Tobacco
c) Alcohol
d) Both a and c
e) All a, b and c

View Answer
e) All a, b and c
.

28). A special purpose vehicle _____ has been launched to cater the needs of GST.
a) GSTC
b) GSTN
c) GSTM
d) GSTR
e) GSTS

View Answer
Answer: (B). GSTN – Goods and Service Tax Network.

29). GSTN comes under which Act?
a) Banking Regulation Act 1949
b) RBI Act 1934
c) Indian Partnership Act, 1932
d) Limitation Act, 1963
e) Companies Act, 2013

View Answer
Answer: (E).

30). Combined Stake of Central and State Government in GSTN is _____.
a) 20%
b) 25%
c) 49%
d) 51%
e) 100%

View Answer
Answer: (C). 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.

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