Questions and Answers
What type of tax is levied indirectly, usually through goods or services?
Which Indian bank holds the distinction of being the first to be established in India?
How many blue-chip companies are used to measure the SENSEX index?
On what date was the Goods and Services Tax (GST) officially implemented in India?
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Which currency is used in Bangladesh?
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What was the primary focus of the 'Amrit Kaal' vision in the Union Budget 2023-24?
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Who was responsible for presenting the 'dream budget' in 1997?
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Who was the first finance minister of India?
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What does the 'W' in SWOT analysis stand for?
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What does the acronym GDP stand for?
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The average income of a country is typically referred to as which term?
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What is the name of the currency used in South Korea?
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At which city is the head office of the Reserve Bank of India located?
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Study Notes
Indian Banking and Finance
- The first bank established in India was the Bank of Hindustan.
- R.K. Shanmukham Chetty served as India's first finance minister.
- Arun Jaitley introduced Goods and Services Tax (GST) in India.
- The GST was implemented on July 1, 2017.
Economic Indicators
- GDP stands for Gross Domestic Product, a critical measure of economic performance.
- The average income per person in a country is known as per capita income.
- SENSEX is the popular stock market index of the Bombay Stock Exchange, based on 30 blue-chip companies.
Taxation
- GST is classified as an indirect tax.
- A commercial bill falls under the category of bills of exchange.
Global Currency
- The currency of South Korea is the Won.
- Taka is the currency of Bangladesh.
Institutes and Governance
- The full form of ICAI is the Institute of Chartered Accountants of India.
- The head office of the Reserve Bank of India is located in Mumbai.
Personal Care and Technology
- Mamaearth is a personal care brand owned by Honasa Consumer Ltd, preparing for an IPO.
- The company Google was initially known as Backrub.
- Bill Gates is the founder of Microsoft.
Strategic Planning
- SWOT analysis highlights Strengths, Weaknesses, Opportunities, and Threats for strategic decision-making.
Miscellaneous
- The “dream budget” was presented in 1997 by P. Chidambaram.
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Description
Test your knowledge on Indian banking history and the Goods and Services Tax (GST) implementation with this quiz. Challenge yourself with questions about the first Indian bank and key dates related to GST. Perfect for students and those interested in Indian finance and economics.
