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Goods and Services Tax (GST) was introduced as a part of indirect tax reforms in India. Which of the following are the salient features of the GST? 1. GST is applicable on the manufacture of goods or on sale of goods or on the provision of services. 2. GST is applicable to the supply of goods or services. 3. GST is based on the principle of destination-based consumption taxation. 4. GST is levied at rates decided by GST Council. Select the correct answer using the code given below:
An article is available with GST and without GST and GST is 10% of marked price. When article is purchased with GST, 20% discount is given on total amount after GST while only 10% discount on marked price is given when purchased without GST. If difference between selling price in both the scheme is Rs. 30, the what is the marked price of article?
Six boxes containing different items namely, Copy, Pen, pencil, Scissor, Tape and Paper, are kept in a straight line, one after the other, not necessarily in the same order. The box of Pen is kept at the third position in the line from the left end. The box of Paper is kept at the extreme right end. The box of Pencil is kept somewhere between box of pen and box of paper. The box of Tape is kept at the left of the box of Pen but at the right of the box of Copy, when counting from the left end. The box of scissor is not kept immediately next to Paper. Which box is kept at the second position from the right end?
The cages of five animals, Lion, Tiger, Elephant, Giraffe and Zebra were kept in a line one after the other, not necessarily in the same order. Lion’s cage is not kept at the last and giraffe’s cage is not kept at the first. Tiger’s cage was kept at the centre of the line. Zebra’s cage was kept after Lion’s but before Tiger’s cage. There was one cage kept between Tiger’s and Giraffe’s cage. Whose cage is kept at the last in the line?
Seven books of different subjects are kept in a self in the following manner. A. There are two books between Hindi and English. B. Math book is kept just below Science book which is not kept immediately above and below English. C. Three books are placed between Science and Sanskrit. D. Neither Science nor Sanskrit book is kept immediately above or below Hindi. E. Not more than one book is kept between Social study book and Computer book. Which of the following book is kept at the middle of the self?
Which of the following statements are about GST? (a) GST is to be collected at the point of sale. (b) GST abolishes all direct taxes levied in India (c) Implementations of GST was started on 1st July 2017. Choose the correct answer:
Eight articles A1, A2, A3, A4, A5, A6, A7 and A8 are kept one above the other, (not necessarily in the same order). Number of articles between A3 and A5 are two. A3 is kept below A5. A8 is just below A7. Only one article is kept between A6 and A1. A6 is kept above A1. A7 and A8 are between A3 and A5. Three articles are kept between A6 and A7. A7 is kept above A6. Which of the following statements is correct about A4?
Eight articles A1, A2, A3, A4, A5, A6, A7 and A8 are kept one above the other, (not necessarily in the same order). Number of articles between A3 and A5 are two. A3 is kept below A5. A8 is just below A7. Only one article is kept between A6 and A1. A6 is kept above A1. A7 and A8 are between A3 and A5. Three articles are kept between A6 and A7. A7 is kept above A6. Which of the following statement is correct about A4?
Which of the following measures, generally invoked by the government, help contain price rise in certain food commodities? 1. Invoking Essential Commodities Act. 2. Zero export duty on those food crops. 3. Promoting futures and forward trading in those food commodities to stabilize food prices.
Essential Commodities Act (ECA), 1955 was in news recently. Which of the following statement(s) is/are incorrect about ECA?
1. ECA was enacted to ensure the easy availability of essential commodities to consumers.
2. Government intervention through ECA can increase price volatility of essential Commodities
3. ECA incentivises storag e infrastructure development
Select the correct answer: