Daily GK Quiz Game 873
Test #
873
[
21-Nov-2018
]
1.
What is the Value Added Tax (VAT)?
a.
A single tax that replaces State Taxes like surcharge, turnover tax, etc.
b.
A simple, transparent, easy to pay tax imposed on consumers.
c.
A new initiative taken by the government to increase the tax burden of high income groups.
d.
A new tax to be imposed on the producers of capital goods.
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