McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Management Studies (BMS) .
| 101. |
Consideration ____________. |
| A. | 2(75) of CGST Act |
| B. | 2(105) of CGST Act |
| C. | 2(56) of CGST Act |
| D. | 2(31) of CGST Act |
| Answer» D. 2(31) of CGST Act | |
| 102. |
E Commerce Operators __________________ |
| A. | 2 (75) of CGST Act |
| B. | 2(102) of CGST Act |
| C. | 2(31) of CGST Act |
| D. | 2(45) of CGST Act |
| Answer» D. 2(45) of CGST Act | |
| 103. |
Supplier ______________. |
| A. | 2(107) of CGST Act |
| B. | 2(105) pf CGST Act |
| C. | 2(84) of CGST Act |
| D. | 2(52) of CGST Act |
| Answer» B. 2(105) pf CGST Act | |
| 104. |
Recipient _______________. |
| A. | 2(93) of CGST Act |
| B. | 2(17) of CGST Act |
| C. | 2(107) of CGST Act |
| D. | 2(52) CGST Act |
| Answer» A. 2(93) of CGST Act | |
| 105. |
Goods means every kind of _____ property. |
| A. | Movable |
| B. | Immovable |
| C. | Unmovable |
| D. | Movable & Immovable |
| Answer» A. Movable | |
| 106. |
Which one of the following shall not be treated as supply? |
| A. | Rental |
| B. | Lease |
| C. | Actionable Claim |
| D. | License |
| Answer» C. Actionable Claim | |
| 107. |
Input means _________ |
| A. | Any goods of Excluding capital goods |
| B. | Any goods including capital goods |
| C. | Capital Goods only |
| D. | Capital goods used for the furtherance of the business. |
| Answer» A. Any goods of Excluding capital goods | |
| 108. |
“Exempt Supply “means supply of any goods or services or both which attracts _______________rate of tax. |
| A. | Zero |
| B. | Nil |
| C. | Not mentioned in the act |
| D. | One |
| Answer» B. Nil | |
| 109. |
Input means any goods other than _________goods. |
| A. | Capital |
| B. | Consumables |
| C. | Consumer |
| D. | Intangible |
| Answer» A. Capital | |
| 110. |
Works of contract in GST is ______________. |
| A. | Supply of goods |
| B. | Supply of Service |
| C. | Supply of both |
| D. | Neither supply of goods nor supply of services |
| Answer» B. Supply of Service | |
| 111. |
On which one of the following items, GST will be levied? |
| A. | Aviation Fuel |
| B. | Natural Gas |
| C. | High Speed Diesel Oil |
| D. | Liquefied Petroleum Gas |
| Answer» D. Liquefied Petroleum Gas | |
| 112. |
Rate of IGST on Motor Car is _____________. |
| A. | 5% |
| B. | 12% |
| C. | 18% |
| D. | 28% |
| Answer» D. 28% | |
| 113. |
Rate of Tax on platinum CGST and SGST together ______________________. |
| A. | 2. 5% |
| B. | 3% |
| C. | 18% |
| D. | 28% |
| Answer» B. 3% | |
| 114. |
Rate of composition got restaurant is ____________. |
| A. | 5% |
| B. | 12% |
| C. | 18% |
| D. | 28% |
| Answer» A. 5% | |
| 115. |
Rate of Tax for composition for restaurant is ___________. |
| A. | 1% |
| B. | 2% |
| C. | 5% |
| D. | 12% |
| Answer» B. 2% | |
| 116. |
Ayurvedic products comes under which rate structure? |
| A. | 12 % |
| B. | Nil |
| C. | 5% |
| D. | 18% |
| Answer» B. Nil | |
| 117. |
Under GST, smart phones will be taxed at _____________ percent? |
| A. | 5 % |
| B. | 12% |
| C. | 18% |
| D. | 28% |
| Answer» C. 18% | |
| 118. |
Time period within which invoice has to be issued in case of movable gods ____________ |
| A. | Before or at the time of removal of goods |
| B. | On or rather delivery of good |
| C. | After removal of goods |
| D. | None |
| Answer» B. On or rather delivery of good | |
| 119. |
Minimum rate of tax under consumption levy for restaurant services _______ |
| A. | 1% |
| B. | 2% |
| C. | 4% |
| D. | 5% |
| Answer» D. 5% | |
| 120. |
Mr. A is supplier opted composition scheme when he is required to file his return in respect of supply of October 2017 to Dec 2017. |
| A. | 10th January 2018 |
| B. | 15th January 2018 |
| C. | 18th January 2018 |
| D. | 20th January 2018 |
| Answer» C. 18th January 2018 | |
| 121. |
Compute time of supply (in case of supply of toothpaste) when its removal on 25/12/2017, date of invoice 31/12/2017, date of payment 01/01/2019____________ |
| A. | 25/12/2019 |
| B. | 31/12/2018 |
| C. | 01/01/2020 |
| D. | 25/02/2019 |
| Answer» A. 25/12/2019 | |
| 122. |
Compute time of supply (0in case of Supply of Soap) when its removal on 25/11/2017, Date of invoice 21/11/2017. |
| A. | 25/11/2017 |
| B. | 21/11/2017 |
| C. | 1/12/2017 |
| D. | 21/10/2017 |
| Answer» B. 21/11/2017 | |
| 123. |
Composition levy applicable to tax prayer whose turnover not exceed ___________- |
| A. | 20 lakhs |
| B. | 50 lakhs |
| C. | 80 lakhs |
| D. | 150 Lakhs |
| Answer» D. 150 Lakhs | |
| 124. |
Dealers not eligible for opting composition scheme. |
| A. | Exporters |
| B. | Importers |
| C. | Interstate supplier of goods |
| D. | Manufacturing dealers |
| Answer» C. Interstate supplier of goods | |
| 125. |
Which of the following tax rate is not applicable under the GST? |
| A. | 5 |
| B. | 12 |
| C. | 28 |
| D. | 25 |
| Answer» D. 25 | |
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