Description : VAT is imposed: (1) Directly on Consumer (2) On first stage of production (3) On final stage of production (4) On all stages between production and sale
Last Answer : (4) On all stages between production and sale Explanation: Value Added Tax (VAT) is imposed on the value added to each commodity by a firm during all stages of production and distribution. In ... introduced as an indirect value added tax (VAT) into the Indian taxation system from 1 April 2005.
Description : VAT is imposed A. Directly on Consumers B. On final Stage of production C. On all stages from Production to final sale D. None of the above
Last Answer : B. On final Stage of production
Description : What is Value Added Tax (VAT)? (1) A simple, transparent, easy to pay tax imposed on consumers (2) A new initiative taken by the Government to increase the tax-burden of high income groups (3) A ... like, surcharge, turnover tax, etc. (4) A new tax to be imposed on the producers of capital goods
Last Answer : (3) A single tax that replaces State taxes like, surcharge, turnover tax, etc. Explanation: A value added tax (VAT) is a form of consumption tax. A VAT is like a sales tax in that ... under the single tax system based primarily or exclusively on one tax, typically chosen for its special properties.
Description : What is Value Added Tax (VAT) ? (1) A simple, transparent, easy to pay tax imposed on consumers (2) A new initiative taken by the Government to increase the tax-burden of high income groups (3) A ... like, surcharge, turnover tax, etc. (4) A new tax to be imposed on the producers of capital goods
Last Answer : A single tax that replaces State taxes like, surcharge, turnover tax, etc.
Description : The goods that are used as raw material for further production are known by which name: (a) Final goods (b) Material goods (c) Intermediate goods (d) Consumer goods
Last Answer : (c) Intermediate goods
Description : What are Capital goods? a) Goods used for consumption in the production process b) Goods such as tools, machinery, etc which are used to create final consumer goods c) Goods and services that are consumed fully when purchased by the consumers d) None of the above
Last Answer : : b) Goods such as tools, machinery, etc which are used to create final consumer goods
Description : The primary purpose of a broker is to 1. take title to a producer's goods before selling them to retailers or consumers 2. sell directly to the final consumer 3. supply products in ... , trusting relationships with buyers 4. sell delivery to producers 5. bring buyers and sellers together
Last Answer : bring buyers and sellers together
Description : The primary purpose of a broker is to A)take title to a producer's goods before selling them to retailers or consumers. B)sell directly to the final consumer. C)supply products in ... permanent, trusting relationships with buyers. D)sell directly to producers. E)bring buyers and sellers together.
Last Answer : E)bring buyers and sellers together.
Description : Imputed gross rent of owner-occupied buildings is a part of - (1) capital formation (2) final consumption (3) intermediate consumption (4) consumer durable
Last Answer : (2) final consumption Explanation: The figure of final private consumption expenditure includes the imputed gross rent of owner-occupied dwellings, consumption of own-account production and payment by ... of production and hence an income and is also a part of final consumption expenditure.
Description : Imputed gross rent of owneroccupied buildings is a part of (1) capital formation (2) final consumption (3) intermediate consumption (4) consumer durable
Last Answer : final consumption
Description : Products that are used directly in the production of a final product but are not easily identifiable are categorised as A)accessory products. B)component parts. C)consumable supplies. D)assembly components. E)process materials
Last Answer : E)process materials
Description : Corporation tax is a tax imposed on - (1) the net incomes of the companies (2) the corporate properties (3) the utilities provided by the corporation (4) tax imposed by the corporation on individual properties
Last Answer : (1) the net incomes of the companies Explanation: Corporate Tax is a levy placed on the profit of a firm, with different rates used for different levels of profits. Corporate taxes are ... taxable period. Most countries tax all corporations doing business in the country on income from that country.
Description : 'PROTECTION' means - (1) Restrictions imposed on import trade (2) Protection to home industries (3) No free exchange of goods and services between two countries (4) All of the above
Last Answer : (4) All of the above Explanation: Protectionism is the economic policy of restraining trade between states through methods such as tariffs on imported goods, restrictive quotas, and a ... protect businesses and workers within a country by restricting or regulating trade with foreign nations.
Description : Indirect tax means : (1) there is not direct relationship between the tax payer and the government. (2) direct relationship between tax payer and the government. (3) tax base is income (4) the incidence and impact are on the same person on whom tax is imposed.
Last Answer : (1) there is not direct relationship between the tax payer and the government. Explanation: The term indirect tax has more than one meaning. In the colloquial sense, an indirect tax (such as ... which is collected directly by government from the persons (legal or natural) on which it is imposed.
Description : Forced Savings refer to - (1) Reduction of consumption consequent to a rise in prices (2) Taxes on individual income and wealth (3) Compulsory deposits imposed on income tax payers (4) Provident fund contribution of private sector employees
Last Answer : (1) Reduction of consumption consequent to a rise in prices Explanation: Forced saving is an economic situation in which consumers spend less than their disposable income, not because they want to ... free economy, this situation would normally result in increase in prices and inflow of more goods.
Description : When tariff is imposed on imports which of the following will increase? (a) Domestic output. (b) Domestic demand. © Domestic price. (d) Domestic consumption.
Last Answer : © Domestic price.
Description : Corporation tax is a tax imposed on (1) the net incomes of the companies (2) the corporate properties (3) the utilities provided by the corporation (4) tax imposed by the corporation on individual properties
Last Answer : the net incomes of the companies
Description : ‘PROTECTION’ means (1) Restrictions imposed on import trade (2) Protection to home industries (3) No free exchange of goods and services between two countries (4) All of the above
Last Answer : All of the above
Description : Forced Savings refer to (1) Reduction of consumption consequent to a rise in prices (2) Taxes on individual income and wealth (3) Compulsory deposits imposed on income tax payers (4) Provident fund contribution of private sector employees
Last Answer : Reduction of consumption consequent to a rise in prices
Last Answer : there is not direct relationship between the tax payer and the government.
Description : Steel sheets used in the production of furnitures is an example of (1) an intermediate good (2) a final good (3) an investment good (4) a consumption good
Last Answer : (1) an intermediate good Explanation: Intermediate goods are semifinished products are goods that are used as inputs in the production of oilier goods including final goods. It comprises material or ... , intermediate goods either become part of the final product, or are changed beyond recognition.
Description : What are consumption goods? a) Goods used for consumption in the production process b) Goods such as tools, machinery, etc which are used to create final consumption goods c) Goods and services that are consumed fully when purchased by the consumers d) None of the above
Last Answer : : c) Goods and services that are consumed fully when purchased by the consumers
Last Answer : an intermediate good
Description : Commercialization of agriculture implies - (1) cultivation of Limbers (2) plantation (3) production of crops for sale (4) production of crops like wheat or rice
Last Answer : (3) production of crops for sale Explanation: Commercial agriculture is largescale production of crops for sale, intended for widespread distribution to wholesalers or retail outlets. In commercial farming ... sugarcane, cashew, rubber, banana, and cotton are harvested and sold into world markets.
Description : Excise duty on a commodity is payable with reference to its - (1) production (2) production and sale (3) production and transportation (4) production, transportation and sale
Last Answer : (1) production Explanation: An excise or excise tax (sometimes called a duty of excise special tax) is an inland tax on the sale, or production for sale, of specific goods or a tax ... customs duties, which are taxes on importation. Excises are inland taxes, whereas customs duties arc border taxes.
Description : Excise duty on a commodity is payable with reference to its - (1) production (2) production and sale (3) production and transportations (4) production, transportation and sale
Last Answer : (1) production Explanation: Excise duty is a type of tax charged on goods produced within the country. In India, an excise tax is levied on the manufacturer of goods when those goods leave the place ... called the Central Excise duty, this tax is now known as the Central Value Added Tax (CENVAT).
Description : Excise duty is levied on - (1) sale of goods (2) production of goods (3) import of goods (4) export of goods
Last Answer : (2) production of goods Explanation: Excise duty is a tax on manufacture or production of goods. Excise duty on alcohol, alcoholic preparations, and narcotic substances is collected by the State Government and ... "State Excise" duty. The Excise duty on rest of goods is called "Central Excise" duty.
Description : Commercialisation of agriculture implies (1) cultivation of timbers (2) plantation (3) production of crops for sale (4) production of crops like wheat or rice
Last Answer : production of crops for sale
Description : Excise duty on a commodity is payable with reference to its (1) production (2) production and sale (3) production and transportations (4) production, transportation and sale
Last Answer : production
Description : Excise duty is levied on (1) sale of goods (2) production of goods (3) import of goods (4) export of goods
Last Answer : production of goods
Description : 'Capital gains' refers to goods which - (1) serve as a source of raising further capital (2) help in the further production of goods (3) directly go into the satisfaction of human wants (4) find multiple uses
Last Answer : (2) help in the further production of goods Explanation: Capital goods are goods that are used in producing other goods, rather than being bought by consumers. They are tangible assets such as ... uses to produce goods or services in order to produce consumer goods and goods for other businesses.
Description : ‘Capital gains’ refers to goods which (1) serve as a source of raising further capital (2) help in the further production of goods (3) directly go into the satisfaction of human wants (4) find multiple uses
Last Answer : help in the further production of goods
Description : Filter medium resistance is important during the __________ of filtration. (A) Early stages (B) Final stages (C) Entire process (D) None of these
Last Answer : (A) Early stages
Description : Which of the following matters would an auditor most likely consider when establishing the scope of the audit? a. Audit areas where there is a higher risk of material misstatement. ... status of audit work throughout the engagement and the expected deliverables resulting from the audit procedures.
Last Answer : The expected audit coverage, including the number and locations of the entity's components to be included.
Description : Pick out the wrong statement. (A) 'Hold back' is defined as the fraction of material that stays longer than the mean residence time (B) Study of non-ideal flow reactor is done experimentally ... final stages of reaction (D) A batch reactor cannot be used to study the kinetics of catalytic reaction
Last Answer : (D) A batch reactor cannot be used to study the kinetics of catalytic reaction
Description : “The enthalpy change for any chemical reaction is independent of the intermediate stages, provided the initial and final conditions are the same for each route.” This statement is known as: A. Dulong’s Law B. Dalton’s Law C. Hess’s Law D. Petit Law
Last Answer : Hess’s Law
Description : List the stages in the evolution of the earth and explain each stage in brief. -Geography
Last Answer : The earth was mostly in a volatile state during its primordial stage. Due to gradual increase in density the temperature inside has increased. As a result the material inside started getting separated ... years. It can be assumed that life began to evolve sometime 3,800 million years ago,
Description : Name the four stages in the lifecycle of a silk moth. Explain each stage. -Science-7
Last Answer : Silk moth is a large white insect .The different stages in the life cycle of silk moth are- Egg- it is the first stage of the life cycle .The female moth lays its eggs during the summer.The egg ... changes into a moth which comes out of the cocoon. The female adults lay egg and the cycle continues.
Description : erikson argued that each stage of the psychosocial stages of lifespan development is characterized by a?
Last Answer : The idea of white supremacy and indeed the modern concept of race itself arose during the process of world conquest by Europeans. Carl von Linnaeus's four-fold classification of humans classifies Europeans ... and the psychology of more evolved humans. Psychologists take human behavior as a m
Description : Given below is a schematic break-up of the phases/stages of cell cycle :- Which one of the following is the correct indication of the stage/phase in t
Last Answer : Given below is a schematic break-up of the phases/stages of cell cycle :- Which one of the ... Metaphase C. C- Karyokinesis D. D- Synthesis phase
Description : Bouquet-stage occur in which sub stages of prophase -I ?
Last Answer : Bouquet-stage occur in which sub stages of prophase -I ? A. Leptotene B. Zygotene C. Pachytene D. Diplotene
Description : What are the stages of Mitosis and what occurs in each stage?
Last Answer : What is the answer ?
Description : Where does the drafting stage comes after which to stages?
Last Answer : Need answer
Description : For a multistage compressor, the polytropic efficiency is A. the efficiency of all stages combined together B. the efficiency of one stage C. Constant throughout for all the stages D. a direct consequence of the pressure ratio
Last Answer : ANSWER : C
Description : (4) Liquid Hydrogen + Liquid Oxygen Explanation: LOX and liquid hydrogen, used in the Space Shuttle orbiter, the Centaur upper stage of the Atlas V, Saturn V upper stages, the ... to withstand high combustion pressures and temperatures and they can be regeneratively cooled by the liquid propellant.
Last Answer : The BOD values of water indicate the (1) amount of organic debris (2) amount of oxygen used for biochemical oxidation (3) amount of oxygen used for biochemical reduction (4) amount of ozone used for biochemical oxidation
Description : When no signal is being received, the loudspeaker is not entirely silent as a result of the presence of A. parasitic oscillations in some of the receiver stages. B. negative feedback in each stage. C. spurious frequencies as a result of improper neutralization. D. internal receiver noise.
Last Answer : D. internal receiver noise.
Description : One of the following is a high powered RF ac basic transmitter that has two or more stages, the oscillator stage which determines the frequency opereation and RF amplifier stage orstages that develop the ... to develop a good frequency stability. A. Goldsmith B. MOPA C. Alexanderson D. Hartley
Last Answer : B. MOPA
Description : After the IF stages have been aligned, the next stage to align in FM receiver is. A. local oscillator B. limiter stage C. RF amplifier D. mixer stage
Last Answer : A. local oscillator
Description : Among the critical stages, the most critical stage of wheat crop for irrigation is—(A) CRI–Crown Root Initiation stage (B) Tillering stage (C) Jointing stage (D) Flowering stage
Last Answer : (A) CRI–Crown Root Initiation stage
Description : Given below is a schematic break-up of the phases/stages of cell cycle. Which one of the following is the correct indication of the stage/phase in the cell cycle? (a) C - karyokinesis (b) D - synthetic phase (c) A - cytokinesis (d) B - metaphase
Last Answer : (b) D - synthetic phase