1. Whether Alcoholic Liquor for industrial and
other usages is taxable under GST?
A) No
B) Yes
C) Exempted
D) Non-Taxable
2. The decision of the GST Council should be
taken based on majority votes not less than:
A) ½ of the weighted
votes
B) 2/3 rd of the
weighted votes
C) 1/3 rd of the
weighted votes
D) 3/4th of
the Weighted Votes
3.
Who is the Chairman & Head of the GST Council Meeting?
A) Prime Minister
B) President
C) Union Finance Minster
D) State Finance Minister nominated by GST Council
4.
The weightage of the votes of the Central Government in GST Council Decision
will be
A) ½ of the votes
B) 2/3 rd of the votes
C) 1/3 rd of the votes
D) 3/4th of
the Votes
5. The quorum required for a meeting of the GST
Council will be
A) ½ of the members
B) 2/3 rd of the
members
C) 1/3 rd of the
members
D) 3/4th of
the members
6. The first state which ratified the GST Bill
in India
A) Kerala
B) Bihar
C) Jharkhand
D) Assam
7. The number of sections, chapters and
Schedules involved in the Model GST Law
A) 162 Sections, 25
Chapters and 4 Schedules
B) 126 Sections, 52
Chapters and 3 Schedules
C) 101 Sections, 21
Chapters and 2 Schedules
D) 102 Sections, 20
Chapters and 1 Schedule
8. The Accounting Standard which states about
Business Vertical is
A) AS-18
B) AS-17
C) AS-16
D) AS-7
9. The permissible number of business verticals in a State in GST will be:
A) 25
B) 30
C) 35
D) 40
10. Minimum Service periods required to
constitute a continuous supply of services with periodic payment
A) Exceeding 6 months
B) 6 Months
C) Exceeding 3 months
D) 3 months
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