1. Which was the first country in the world to introduce Goods and Services Tax (GST)?

2. In India, equity fund-of-funds are taxed in the same manner as

3. Goods and Services Tax, as passed by the Parliament contains an anti-profiteering clause. Prior to this which country was the first to incorporate this clause into its GST laws

4. Which of the following statement is incorrect about insolvency and Bankruptcy Code (IBC) ?

5. By the Constitution (101^st Amendment) Act 2016 Certain new Articles have been inserted in the Constitution of India-

1. Article 246A

2. Article 279A

3. Article 269A

6. Which of the following activities generate black money in an economy ?

1. Avoiding the payment of taxes.

2. Tax evasion.

3. Transactions in cash without proper bill/invoice.

4. Avoiding social security provisions as enshrined in labour laws .

7. Which of the following ways is adopted by rich people in India to avoid the payment of tax ?

1. Availing various exemption of Income tax act

2. Availing various exemptions of Corporation

3. Tax Holidays

4. A specified trust as a mask for personal business

8. Which of the following is/are the common practice of tax evasion in India ?

1. Not filing the income tax return
2. Not disclosing the income to tax authorities
3. Using fake documents to claim exemption
4. Smuggling

9. The causes of black money are–

10. According to Raja J. Chelliah  the black money is generated at the rate of — the country’s GDP.