Prime Minister Manmohan Singh recently in a meeting expressed his desire that a

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

Question Posted / guest

2 Answers
3958 Views
I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

Prime Minister Manmohan Singh recently in a meeting expressed his desire that an early and smooth V..

Answer / avb

A&B

Is This Answer Correct ?

0 Yes

1 No

Prime Minister Manmohan Singh recently in a meeting expressed his desire that an early and smooth V..

Answer / guest

( 1 ) Only A

Is This Answer Correct ?

0 Yes

2 No

Post New Answer

More General Knowledge_Current Affairs Interview Questions

Who assumed the title Yavanraja Sthopanacharya? (1) Krishnadeva Raya (1509 ? 20) (2) Devaraya II (1423 ? 46) (3) Virupakasha II (1465-85) (4) Harihara I (1336-56)

1 Answers

Heart attack occurs due to 1 Bacterial attack on the heart 2 Stopping of heart beat 3 Lack of blood supply to the heart itself 4 None of these

1 Answers

who's inspire you for this job.

6 Answers SSC,

Pick the odd man out: (A) Trishul (B) Nag (C) Prithvi (D) Rohini-II

1 Answers

Energy in an electric coil is stored in the form of 1 Dielectric strength 2 Electrostatic strength 3 Heat 4 Magnetic field

1 Answers

India?s first private Telephone Service was launched in 1998 in?.. A. New Delhi B. Indore C. Mumbai D. Kochi

3 Answers Excel,

who wrote the book titled as 'politics'?

0 Answers BSNL,

Which of the following represents the growth of GDP of India during 1998-99? 1 3.1% 2 4.2% 3 4.75% 4 5.8%

1 Answers

Tetraethyl Lead (TEL) is added to petrol to (A) Prevent freezing (B) Increase boiling point (C) Increase flash point (D) Increase anti knocking rating

2 Answers

Nanda Devi peak forms a part of (a) Assam Himalayas (b) Kumaon Himalayas (c) Nepal Himalayas (d) Punjab Himalayas

9 Answers Civil Service, Hawkins,

?Param? is the brand name of a: (A) missile (B) submarine (C) supercomputer (D) tank

1 Answers

Which article of the Constitution provides for the protection of President against criminal proceedings in a court during his term? (a) 361 (b) 56 (c) 208 (d) 114

1 Answers

For more General Knowledge_Current Affairs Interview Questions Click Here