SST question class 5

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Questions and Answers

When was Goods and Services Tax (GST) implemented in Malaysia?

  • 31 August 2018
  • 1 May 2015
  • 1 June 2018
  • 1 April 2015 (correct)

What tax system replaced GST in Malaysia?

  • Sales and Service Tax (SST) (correct)
  • Income Tax
  • Property Tax
  • Value Added Tax (VAT)

What was the objective of abolishing the GST in Malaysia?

  • To reduce government revenue
  • To benefit high-income earners
  • To put more purchasing power in the hands of the Malaysian people (correct)
  • To increase living costs

When was the tax holiday declared in Malaysia?

<p>1 June 2018 (B)</p> Signup and view all the answers

What happened to the GST rates during the transition to SST?

<p>They were reduced from 6% to 0% (D)</p> Signup and view all the answers

What material were the first tools used by humans made out of?

<p>Stones (B)</p> Signup and view all the answers

Which metal made it possible to create tools hard enough to cut trees?

<p>Iron (B)</p> Signup and view all the answers

What invention contributed to the industrial revolution?

<p>Steam engine (C)</p> Signup and view all the answers

What was burnt to produce steam in the first steam engines?

<p>Coal (B)</p> Signup and view all the answers

For what purpose are dams constructed across rivers?

<p>To produce hydroelectricity (A)</p> Signup and view all the answers

Flashcards

Goods and Services Tax (GST)

A tax system implemented in Malaysia on 1 April 2015, which replaced the Sales and Service Tax (SST).

Sales and Service Tax (SST)

The tax system that replaced GST in Malaysia, effective 1 June 2018.

Increase purchasing power of Malaysians

The prime reason for abolishing the Goods and Services Tax (GST) in Malaysia. It aimed to boost consumer spending by increasing purchasing power.

GST tax holiday (Malaysia)

The period when GST was abolished in Malaysia. This marked a shift from the GST system to the Sales and Service Tax (SST).

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GST rates during transition

The rate of GST was reduced from 6% to 0% to ease the transition to SST.

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First human tools

The earliest materials used by humans for tool making.

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Iron use in early tools

Iron, a metal that allowed humans to create tools with increased hardness and durability, leading to advancements in cutting trees and other activities.

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Steam engine

A key invention during the Industrial Revolution, powered by burning coal to produce steam.

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Coal in steam engines

The primary fuel source used to produce steam in early steam engines.

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Purpose of dams

The main purpose of constructing dams across rivers is to generate electricity using the potential energy of water.

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