Q1. 'VAT' is imposed-
1) Dierctly on consumer
2) On first stage of production
3) On all stages between production and sale
4) On final stage of production
Ans: 3
Q2. What is 'Super-301'?
2) A variety of rice
3) An insecticide
4) American Trade Law
Ans: 4
Q3. The 'Closed Economy' is the economy in which -
2) Budget deficit is less
3) Only import takes place
4) There is no foreign trade
Ans: 4
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