Q.1- Consider the following statement and mark the correct answer.
A) GST is a tax regime to separate state taxes from central taxes.
B) GST will have no impact on cascading effect of taxes.
C) All major Central and State taxes will get subsumed into GST which will reduce the multiplicity of taxes, and thus bring down the compliance cost.
D) None of the above
Q.2- GBU-43/B Massive Ordnance Air Blast has been in news recently, which of the following is correct about it?
A. It is a missile defence system developed by Israel
B. It is a aeroplane safety feature
C. It is a large-yield bomb, developed for the United States military
D. None of the above
Q.3- Which of the following is known as love hormone?
A. Melatonin
B. Thyroxine
C. Calcitonin
D. Oxytocin
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Answer 1-C, 2-C, 3- D
A) GST is a tax regime to separate state taxes from central taxes.
B) GST will have no impact on cascading effect of taxes.
C) All major Central and State taxes will get subsumed into GST which will reduce the multiplicity of taxes, and thus bring down the compliance cost.
D) None of the above
Q.2- GBU-43/B Massive Ordnance Air Blast has been in news recently, which of the following is correct about it?
A. It is a missile defence system developed by Israel
B. It is a aeroplane safety feature
C. It is a large-yield bomb, developed for the United States military
D. None of the above
Q.3- Which of the following is known as love hormone?
A. Melatonin
B. Thyroxine
C. Calcitonin
D. Oxytocin
.
.
.
.
.
.
.
.
.
.
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Answer 1-C, 2-C, 3- D