GkSeries.com
Current Affairs Quiz 2024
GK
Courses
Aptitude
Banking
English
UGC NET
Close sidebar
Menu
Indian Economy Questions and Answers for Competitive Exams
Home
/
General Knowledge
/
how-does-the-consumer-benefit-with-vat
By
Gkseries
see more questions
Q.
How does the consumer benefit with VAT?
[A] It removes tax on tax and thus reduces price-rise
[B] Reduces the cost of production
[C] With the abolition of the sales tax
[D] Due to the exemption of small businesses from the tax within certain limits prescribed by the State
Answer & Explanation
Answer: Option [A]
DOWNLOAD CURRENT AFFAIRS PDF FROM APP
← Go To First Question
Go To 76 of 300 Q.→
Read More Economics Solved Questions
Please share this page
Click Here to Read more questions
Teacher Eligibility Test