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QUESTION
Q
Which of the following taxes is collected by the Government on sale of goods and services in the country ?
Solution
VAT (Value Added Tax)
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Value Added Tax: VAT is a tax, which is charged on the ‘increase in value’ of goods and services at each stage of production and circulation. It is also chargeable on the value of all...
In the following passage there are blanks, each of which has been numbered. For each number, choose the word which fits the blank appropriately from the suggestions provided. Find out the appropriate word in each case.      Around the world, forests are being (1) at a rate of about thirteen million hectares a year and deforestation accounts for an estimated 17% – 20% of all global emissions. In addition, forests and other terrestrial carbon sinks play a (2) role in preventing runaway climate change, soaking up a full 2.6 Gt of atmospheric carbon every year. The destruction of forests, therefore not only emits carbon a staggering 1.6 Gt a year, which severely (3)…
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