GST questions for RBI Grade B (ESI)

Dear aspirants,
We are presenting you the GST questions for RBI Grade B ESI Section of the exam. These questions will cover the questions related to recently introduced Goods and Services Tax (GST) which are very important from exam point of view. Also do read the answers provided at the end of quiz.

1. Which of the following is true regarding reverse charge mechanism under GST?
   1. The liability to pay tax is of supplier of good and services
   2. The liability to pay tax is of receiver of good and services
   3. There is no liability to pay tax as it is exempted category
   4. The liability to pay tax is equally shared between supplier and receiver of good and services
2. How many tax slabs had been introduced under GST in India?
   1. One
   2. Two
   3. Three
   4. Four
3. Which among the following is not one of the tax slabs under GST in India?
   1. 5%
   2. 12%
   3. 15%
   4. 18%
4. Which among the following is the constitution amendment bill to introduced GST in India?
   1. The Constitution (122nd Amendment) (GST) Bill, 2014
   2. The Constitution (124th Amendment) (GST) Bill, 2014
   3. The Constitution (123rd Amendment) (GST) Bill, 2016
   4. The Constitution (122nd Amendment) (GST) Bill, 2016
5. Which among the following is the constitution amendment act to introduced GST in India?
   1. The Constitution (122nd Amendment) Act, 2016
   2. The Constitution (122nd Amendment) Act, 2014
   3. The Constitution (101st Amendment) Act, 2016
   4. The Constitution (101st Amendment) Act, 2014
6. Which article of Indian constitution gives power to the government to make laws related to GST?
   1. Article 245A
   2. Article 246A
   3. Article 279A
   4. Article 301
7. Under which article of Indian Constitution, GST council was introduced?
   1. Article 245A
   2. Article 246A
   3. Article 279A
   4. Article 201
8. Who acts as the chairman of GST council under GST regime?
   1. Prime Minister
   2. Minister In-charge of finance or taxation
   3. Union Minister of State, in-charge of Revenue of finance
   4. Union Finance Minister
9. What is the weightage of voting power given to Central Government under GST council?
   1. 33%
   2. 50%
   3. 66%
   4. 75%
10. What is the weightage of voting power given to State Government under GST council?
    1. 33%
    2. 50%
    3. 66%
    4. 75%

Answers

1. 2
   Under the reverse charge mechanism the liability to pay tax is of the recipient of goods & services rather than the supplier
2. 4
3. 3
   A four-slab structure of GST – 5% (on basic necessities), 12%, 18% and 28% (on luxury goods) has been introduced in India
4. 1
   The Constitution (122nd Amendment) (GST) Bill, 2014: The Bill amends the Constitution to introduce the goods and services tax (GST).
5. 3
   GST Constitutional (101st Amendment) Act’ 2016 contains the provisions which are necessary for the implementation of GST Regime.
6. 2
   A new Article 246A inserted in Indian Constitution which gives power to the Union and the State government to make the law
7. 3
   GST council: a constitutional body set up as per Article 279A to decide issues relating to GST
8. 4
9. 1
   The vote of the Central Government have a weightage of one third of the total votes cast in GST council
10. 3
    The vote of the State Governments have a weightage of Two third of the total votes cast in GST council

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Tags: GST questions for RBI Grade B, GST quiz for RBI Grade B, GST questions, GST questions for RBI Grade B ESI section