GST Questions and Answers Quiz PDF – MCQs on Goods and Services Tax in India

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GST Questions and answers PDF MCQs (Multiple Choice Questions) on Goods and Services Tax in India

This Article covers Economic Survey 2017-19 of India Quiz PDF notes key highlights objective questions useful for UPSC prelims (Civil services), CS executive for RBI Grade B Exam and NABARD Grade A Exam and other competitive exams.

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Question 1: GST- Goods and Service Tax Act is established under which of the following Amendments of the Constitution of India?

a: 132nd Amendment  of Constitution
b: 196th Amendment of Constitution
c: 101st Amendment of Constitution
d: 77th Amendment of Constitution

Question 2: Which of the following is the first state in the country to ratify the GST Bill?

a: Himachal Pradesh
b: Karnataka
c: Gujarat
d: Assam

Question 3: As per the recent introduction of e-way bill for inter-state movement of goods from April 01st 2018, business and transporters moving goods between states should mandatorily possess an e-way bill for value of goods worth over and above how much amount?

a: Rs 2.5 Lakh
b: Rs 99,999
c: Rs 50,000
d: Rs 5,00,000

Question 4: How much amount is estimated by government of India as compensation outlay to states towards losses of GST in 2018-19?

a: Rs 375 Billion
b: Rs 900 Billion
c: USD 120 Billion
d: Rs 75 Billion

Question 5:Who is the present Chairperson of GST Council instituted for making recommendations to Government of India on important issues related to GST?
a: PM Narendra Modi
b: Rajiv Kumar, Vice-Chairman NITI Aayog
c: Minister of Commerce and Industry – Suresh Prabhu
d: Minister of Finance and Corporate Affairs – Arun Jaitley

Question 6: Which of the following is not one of the category of Indirect tax rates under GST?

a: 5%
b: 0%
c: 20%
d: 12%

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Question 7: How much is the GST levied on sale of Newspaper?

a: 12%
b: 5%
c: 0.25%
d: 0%

Question 8: India has chosen which of the following country’s structure of dual GST?

a: Vietnam
b: Canada
c: UK
d: Australia

Question 9: Companies/Individuals( Other than North Eastern and Special Category States) with an aggregate turnover of less than how much amount are exempted from obtaining compulsory registration of GST?

a: 10 Lakhs
b: 25 lakhs
c: 20 Lakhs
d: 30 Lakhs

Question 10: Which of the following is the first country in the world to implement GST in 1954?

a: Germany
b: South Africa
c: France
d: Russia

Question 11: Every year which of the following days will be observed as GST day by Central Board of Excise and Customs?

a: June 01st
b: April 01st
c: July 01st
d: December 31st

Question 12: Who is the present chairman of Central Board of Excise and Customs?

a: Vanaja N Sarna
b: Sushil Chandra
c: Amitabh Kant
d: Rajnish Kumar

 

ANSWERS

Question 01: C
Question 02: D
Question 03: C
Question 04: B
Question 05: D
Question 06: C
Question 07: D
Question 08: B
Question 09: C
Question 10: C
Question 11: C
Question 12: A

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