Prime Minister Manmohan Singh recently in a meeting
expressed his desire that an early and smooth Value Added
Tax (VAT) is very much needed in the country. How the
introduction of VAT will be helpful for a country like
India?A) VAT will avoid cascading of taxes.B) VAT is
expected to enhance revenues in the medium term.C) Some
State Governments may have to lose a substantial amount of
Sales Tax as the Centre will have a greater share in taxes,
but the same will be compensated later on by providing
subsidies on certain items.Which of these statements is/are
true?
(1) Only A
(2) Only B
(3) Only A & B
(4) Only C
(5) A, B and C
Answers were Sorted based on User's Feedback
When can the Speaker exercise his right to vote in the House? (a) Whenever the House desires (b) Whenever he desires (c) Only in the event of equality of vote (d) Whenever his part directs
Which one of the following gases forms the major proportion of air? (A) Carbon dioxide (B) Nitrogen (C) Argon (D) Oxygen (E) Chlorine
During the Proclamation of Emergency Art. 21 (1) is suspended by an order of the President (2) is not suspended but its enforcement is suspended (3) remains in operation (4) is automatically suspended
Abdullah Ocalan is facing trial for his involvement in 15-year long guerrilla war in 1 Uganda 2 Ethiopia 3 Slovakia 4 Kurdistan
When is a joint sitting of both the Houses of Parliament convened? (a) If a Bill, which has been passed by one House and transmitted to other House (b) If the Houses have finally disagreed as to the amendments to be made in the Bill (c) If more than six months elapse from the date of the reception of the Bill by the other House without the Bill being passed by it (d) In all the above cases
Which is the correct food chain? (1) grass ? wolf ? deer - buffalo (2) grass ? insect ? bird ? snake (3) Bacteria grass ? rabbit ? wolf (4) grass ? insect ? snake ? deer
Tetraethyl lead is used as ? a) Mosquito repellent b) Pain Killer c) Fire extinguisher d) Petrol Additive
Name the famous writer who has acted in “Massey Sahib”: 1 Khushwant Singh 2 Arundhati Roy 3 Vikram Seth 4 Kamal Das
May 31 is observed as: (A) Sadbhavana Diwas (B) Tobacco day (C) Population day (D) Environment day
Which one of the following factors is not a determining factor of the climate? 1 Latitude 2 Longitude 3 Land and Sea contrasts 4 Relief features
The Fundamental Duties have been included in (a) Part III under Article 32 A (b) Part IV A under Article 51 A (c) Part III under Article 31 A (d) Part IV under Article 41 A
Leonardo da Vinci represented the age of (a) Reformation (b) Renaissance (c) Communism (d) Industrial Revolution