Bissoy.com
Doctors Medicines MCQs Q&A

  1. 2 only
  2. 1 and 3 only
  3. 1 and 2 only
  4. 1, 2 and 3
4 views

1 Answers

Option 4 : 1, 2 and 3

The correct answer is 1, 2 and 3.

  • The concept of Goods and Services Tax (GST) is originated in France.
  • France was the first country to implement the GST in 1954, and since then an estimated 160 countries have adopted this tax system in some form or another. 
  • Goods and Services Tax is an indirect tax imposed on the supply of goods and services.
  •  It replaced all indirect taxes levied on goods and services by states and Central.
  • Prime Minister Narendra Modi launched GST into operation on the midnight of 1 July 2017. 
  • The concept was first proposed under the Atal Bihari Vajpayee government in 2000.
  • The GST council is headed by the Union Finance Minister Nirmala Sitharaman assisted with the finance minister of all the states of India.
4 views

Related Questions

In each question below is given a statement numbered I, II and III. An assumption is something supposed or taken for granted. You have to consider the following assumption and decide which of the assumption is implicit in the statement. Statement: The June 2018 quarter results of Infosys reflect that the investors waiting for the company to perform as good, if not better, than its largest peer Tata Consultancy Services (TCS) may have to wait a little longer. Infosys, the country’s second-largest software exporter reported slower sequential growth in revenue and profit than TCS for the June quarter (Q1). It also lagged on the fronts of employee attrition and growth in the banking, financial services, and insurance (BFSI) vertical.  Assumptions: I. On the positive side, Infosys continued to add large clients – four in the above $100-million billing category compared with the previous quarter. It continued to retain guidance of 6-8% revenue growth for FY19 while retaining the operating margin band of 22-24%. II. In the near term, the stock performance of TCS is likely to overshadow Infosys given the difference in their growth trajectories. III. The growth momentum of Infosys has slowed relative to TCS. The year-on-year growth in trailing 12-month (TTM) revenue of Infosys in each of the four quarters up to the June 2018 quarter has lagged TCS after leading in the previous five quarters.?
1 Answers 4 Views
In the question below, are given a statement followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the suggested courses of action logically follow(s) for pursuing. Statement: India may become the second largest smartphone selling country in the world if the sales continue to grow at the current pace, said Raghu Reddy, head of category and online sales of Xiaomi India. Smartphone sales in 2017 grew around 10% in the country in 2017. "India could overtake the US market and become the second largest smartphone market globally after China at this rate of growth’,’ Reddy said adding that currently the growth is happening in the Rs. 10,000 to 20,000 price range.  Courses of action: I. Xiaomi, is currently the largest selling smartphone in the country with a growth of over 300% in 2017. It currently has a market share of over 30% including online and offline sales.  II. The company has ramped up its production facilities in the recent times in the country and now has six production facilities spread over Andhra Pradesh, Tamil Nadu and Uttar Pradesh.  III. Now the printed circuit board assembly (PCBA) used in smartphone, which accounts for 50% of the value of the phone, will be made in India?
1 Answers 5 Views
In the following question, the 1st and the last part of the sentence/ passage are numbered 1 and 6. The rest of the sentence/passage is split into four parts and named P, Q, R and S. These four parts are not given in their proper order. Read the sentence/passage and find out which of the four combinations is correct. 1. The Goods and Services Tax (GST) is imposed on the supply of products and/or services within the country. P. This can be achieved by charging uniform tax rates and eliminating economic barriers. Q. The objective of GST is to drive India towards becoming an integrated economy. R. These include Service Tax, Purchase Tax, Central Excise Duty, Value Added Tax, Entry Tax, Luxury Tax, Local Body Taxes, etc. S. It subsumes multiple indirect taxes that are imposed by the State Governments or the Central Government 6. Thus, it will make the country a common national market?
1 Answers 5 Views