181. Nationalization occurs when:
A. The public authority offers resources for the confidential area
B. The government bans a product
C. The government takes control of an industry
D. The government taxes a product to raise its price
182. Duplicate copy of sales tax documents may be issued to a registered person on the payment of Rs. _:
A. One Hundred
B. Two Hundred
C. Three Hundred
D. Five Hundred
183. Payment of the amount for a transaction exceeding the value of _ excluding payment against a utility bill shall be made by a crossed banking instrument showing the transfer of the amount of the sales tax invoice in favor of the supplier:
A. Rs. 1,00,000/-
B. Rs. 50,000/-
C. Rs. 2,00,000/-
D. Rs. 25,000/-
184. According to Section 72C Board may give __ to Inland Revenue Officer/Officials in cases involving concealment or evasion of sales tax and other taxes on their meritorious conduct in such cases:
A. Promotion
B. Cash Reward
C. Certificate of Application
D. None of these
185. _ means a person who is registered or liable to be registered under this act:
A. Manufacturer
B. Supplier
C. Registered Person
D. Retailer
186. Board may select persons or classes of persons for the audit of tax affairs through __:
A. Random Selection
B. Computer Ballot
C. Manual Entry
D. None of these
187. Who said “Supply creates its own demand”?
A. J.M. Keynes
B. J.B. Say
C. J.S. Mill
D. None of the above
188. Demand curve for a Giffen good is?
A. Parallel to the price axis
B. Parallel to the quantity axis
C. Downward falling
D. Upward rising
189. Foreign currency which has a tendency of quick migration is called?
A. Hot currency
B. Gold currency
C. Scarce currency
D. Soft currency
190. Which among the following is a better measurement of Economic Development?
A. Disposable income
B. Per capita income
C. GDP
D. None of the above
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