441. A registered person making a taxable supply shall issue a serially numbered tax invoice in compliance with section __.
A: 21
B: 23
C: 25
D: 26
442. Taxable goods mean all goods other than those which have been exempted under section:
A: 12
B: 13
C: 15
D: 11
443. A person who is required to maintain any record or documents under this act shall retain the record and documents for a period of _ years.
A: Five
B: Six
C: Eight
D: Three
444. Tax fraction means the amount worked out in accordance with the following Formula:
A: 100 + a. (‘a’ is the rate of tax specified in section 3)
B: 50 + a. (‘a’ is the rate of tax specified in section 3)
C: 150 + a. (‘a’ is the rate of tax specified in section 3)
D: None of these
445. A special judge may hold sitting at any other place according to section:
A: 37D
B: 37H
C: 37G
D: 38
447. How will demand for a necessity behave with a rise in income?
A: Initially, the demand rises and then becomes constant
B: Initially, the demand shows no change and then it rises
C: Rises
D: Falls
448. What kind of relationship exists between income and demand for a normal good?
A: Direct
B: Inverse
C: No effect
D: Can be direct or inverse
449. What kind of relationship exists between income and demand for an inferior good?
A: Inverse
B: Direct
C: No effect
D: Can be direct or inverse
450. What kind of relationship exists between the price of a good and the demand for its complementary good?
A: Direct
B: Inverse
C: No effect
D: Can be direct or inverse
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