Basic General Knowledge
Value Added Tax (VAT) is

indirect tax levied at each stage of production and distribution, from the primary produce to the re
None of these
both (a) and (b)
tax calculated on the selling price, but in declaring the liability to the government, the seller is

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Basic General Knowledge
Liquid asset is

a type of asset that is in cash in the current account of the commercial bank
None of these
a type of asset that is in the form of a deposit in the current account of the commercial bank
either of these

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