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Free Online MCQs for Class – 11 Accountancy Chapter-10 Accounting for Goods and Service Tax (GST)

Free Online MCQs Questions of CBSE Class – 11 Accountancy Chapter-10 Accounting for Goods and Service Tax (GST) with Answers. Free Online MCQs Questions for Class 11 Accountancy with Answers was Prepared Based on Latest Exam Pattern. Students can solve NCERT Class 11 Accountancy Chapter-10 Accounting for Goods and Service Tax (GST) Multiple Choice Questions with Answers to know their preparation level on Success Roar Classes Website itself.

Free Online MCQs for Class -11 Accountancy

Chapter-10 Accounting for Goods and Service Tax (GST) with Answers

  1. GST is a
    1. Direct tax
    2. Indirect Tax
    3. Both direct & indirect tax
    4. None of the above
  2. GST is applicable on
    1. Sale of goods
    2. Sale of services
    3. Supply of goods & services
    4. Sale of goods & services
  3. GST is based on the principle
    1. One national one tax
    2. Country level tax
    3. Tax for one county
    4. None of the above
  4. GST is not applicable on
    1. petroleum crude, diesel, petrol, ATF and natural gas
    2. Alcohol for human consumption
    3. entertainment tax collected by local authorities
    4. All of the above
  5. Which tax is now merged with GST
    1. Income tax
    2. entertainment tax collected by local authorities
    3. Tax on Alcohol for human consumption
    4. Excise duty
  6. Maximum rate of CGST prescribed by law for intrastate supply made is—-
    1. 18%
    2. 20%
    3. 12%
    4. 28%+cess
  7. GST paid on purchase is
    1. Asset for the purchaser
    2. Liability for the purchaser
    3. Cost to the purchaser
    4. None of the above
  8. GST paid on purchase can be set off against
    1. Loss on the sale
    2. GST paid on sale
    3. Cost of goods
    4. None of the above
  9. IGST is payable when the supply is —
    1. Interstate
    2. Intra-state
    3. Intra-UT
    4. All of the above
  10. In case of goods lost in fire, accounts will be credited
    1. Purchase A/c
    2. Input CGST A/c
    3. Input IGST A/c
    4. All of the above

MCQs Questions of Class – 11 Accountancy Chapter-10 Accounting for Goods and Service Tax (GST)

Answer Key

  1. (b)  2. (c)  3. (a)  4. (d)  5. (d)  6. (d)  7. (a)   8. (b)  9. (a)  10. (d)

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