Which of the following statements is not true about the types of GST?
A. CGST: It is the tax collected by the Central Government on an intra-state sale (a transaction happening within Punjab)
B. SGST: It is the tax collected by the state government on an intra-state sale (a transaction happening within Maharashtra)
C. IGST: It is a tax collected by the Central Government for an inter-state sale (Maharashtra to Tamil Gujarat)
D. All of the above statements are true
Answer: Option D
A. 5 years imprisonment or 5 lakh rupees penalty or both
B. Life imprisonment
C. 3 years imprisonment or 2 lakh rupees penalty or both
D. None of the above
A. Proposal
B. Promise
C. Contract
D. None of these
What aspect of a patented product is tested by PCT?
A. Priority
B. Novelty
C. Exclusivity
D. Commercial value
The Competition Act, 2002 seeks to regulate
A. Anti-competitive agreements
B. Mergers and amalgamation
C. Unfair trade practices
D. Both A and B
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