Goods and Services Tax (GST) Developments CDS Questions

CDS Economy

Goods and Services Tax (GST) Developments MCQ Questions


7.
GST is essentially a tax on:
A.
The total sale value at every stage
B.
Profit of the seller only
C.
Manufacturing cost only
D.
Value addition at each stage of the supply chain
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ANSWER :
D. Value addition at each stage of the supply chain
8.
Who ultimately bears the burden of GST?
A.
The manufacturer
B.
The wholesaler
C.
The final consumer
D.
The Central Government
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ANSWER :
C. The final consumer
9.
The slogan popularly associated with GST in India is:
A.
One Nation, One Tax, One Market
B.
Make in India
C.
Digital India
D.
Sabka Saath Sabka Vikas
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ANSWER :
A. One Nation, One Tax, One Market
10.
GST was introduced through which Constitutional Amendment Act?
A.
101st Amendment
B.
100th Amendment
C.
102nd Amendment
D.
122nd Amendment
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ANSWER :
A. 101st Amendment
11.
The Constitution (101st Amendment) Act came into effect from:
A.
16 September 2016
B.
1 July 2017
C.
8 September 2016
D.
19 December 2014
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ANSWER :
A. 16 September 2016
12.
Which Article was inserted in the Constitution to give powers to make laws on GST?
A.
Article 246A
B.
Article 246
C.
Article 269A
D.
Article 279A
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ANSWER :
A. Article 246A