Practice - Key Concepts - 1.2.1
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Practice Questions
Test your understanding with targeted questions
What is GST?
💡 Hint: Think about what taxes apply to goods and services.
Define the term 'share'.
💡 Hint: Consider what it means to own part of a company.
4 more questions available
Interactive Quizzes
Quick quizzes to reinforce your learning
What does CGST represent?
💡 Hint: Focus on what central tax refers to within GST.
True or False: Yield is the return on investment expressed as a percentage of the market value.
💡 Hint: Consider how yield is determined when investing in shares.
1 more question available
Challenge Problems
Push your limits with advanced challenges
Imagine a person buys goods for ₹20,000 with a GST of 18% and sells them for ₹25,000. Calculate the net GST payable and the profit earned on this transaction.
💡 Hint: Break this problem into calculating input/output GST first, then find profit.
A recurring deposit account allows a deposit of ₹1,500 a month for 10 months at an annual interest rate of 6%. What is the total interest earned at maturity?
💡 Hint: Use the RD interest formula and carefully calculate each step.
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