Basic General Knowledge
The market condition when goods and services are not freely available and thus the prices are relatively high is called

seller's market
recession
sinking fund
rights issue

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Basic General Knowledge
Value Added Tax (VAT) is

None of these
both (a) and (b)
tax calculated on the selling price, but in declaring the liability to the government, the seller is
indirect tax levied at each stage of production and distribution, from the primary produce to the re

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