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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What does GST stand for?
💡 Hint: It's an indirect tax.
Question 2
Easy
What is a recurring deposit account?
💡 Hint: Consider how you save money regularly.
Practice 3 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What is the total GST on goods worth ₹25,000 at a rate of 18%?
- ₹4,500
- ₹3,600
- ₹4,800
💡 Hint: Think about the calculation: Total amount multiplied by GST rate.
Question 2
True or False: Input Tax Credit can be claimed for the GST you pay on purchases.
- True
- False
💡 Hint: Consider how GST functions from supplier to customer.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
A company sells a product for ₹50,000 and charged 18% GST. Calculate the total amount receivable after tax.
💡 Hint: Remember to add GST to the selling price.
Question 2
If you have ₹1,500 saved in an RD at an annual interest rate of 6% over 6 months, what will the total maturity value be?
💡 Hint: Make sure to use the formula for interest and add it to your total deposits.
Challenge and get performance evaluation