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MCQs

Total Questions : 274 | Page 4 of 28 pages
Question 31. Who is the chairman of GST council?
  1.    President of India
  2.    Prime Minister
  3.    Finance Minister
  4.    RBI Governor
  5.    Finance secretary
 Discuss Question
Answer: Option C. -> Finance Minister
Question 32. _______ is GST Finance Ministers First Panel Chairman.
  1.    Amit Mitra
  2.    Amit Malhodra
  3.    Amit Chandresekar
  4.    Amit Sastri
  5.    Amit kohli
 Discuss Question
Answer: Option A. -> Amit Mitra
Question 33. _______ is the first state to ratify GST bill.
  1.    Andhra Pradesh
  2.    Assam
  3.    Arunachal Pradesh
  4.    Bihar
  5.    Telangana
 Discuss Question
Answer: Option B. -> Assam
Question 34. _______ is the first state that passed GST bill.
  1.    Andhra Pradesh
  2.    Gujarat
  3.    Uttar Pradesh
  4.    Bihar
  5.    Telangana
 Discuss Question
Answer: Option E. -> Telangana
Question 35. GST threshold limit of North Eastern States is _______ lakhs
  1.    5
  2.    10
  3.    12
  4.    15
  5.    20
 Discuss Question
Answer: Option B. -> 10
Question 36. GST threshold limit of Normal States is _______ lakh
  1.    12
  2.    15
  3.    20
  4.    25
  5.    30
 Discuss Question
Answer: Option C. -> 20
Question 37. The Central Board of Excise and Customs (CBEC) announced that every year _______ will be considered as GST Day.
  1.    1st April
  2.    1st March
  3.    1st June
  4.    1st July
  5.    1st January
 Discuss Question
Answer: Option D. -> 1st July
Question 38. Under GST, Insurance is taxed _______ percent.
  1.    0%
  2.    5%
  3.    12%
  4.    18%
  5.    28%
 Discuss Question
Answer: Option D. -> 18%
Question 39. Smart Phones will be taxed at _______ under GST.
  1.    0%
  2.    5%
  3.    12%
  4.    18%
  5.    28%
 Discuss Question
Answer: Option D. -> 18%
Question 40. Who will notify the rate of tax to be levied under CGST?
  1.    GST Council suo moto
  2.    Central Government suo moto
  3.    State Government suo moto
  4.    Central Government as per the recommendations of the GST Council
 Discuss Question
Answer: Option D. -> Central Government as per the recommendations of the GST Council

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