
Understanding Value Added Tax (VAT)
Quiz
•
Other
•
11th Grade
•
Hard
Chantal Pillai
FREE Resource
5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the standard rate of VAT?
10%
15%
20%
25%
2.
OPEN ENDED QUESTION
3 mins • 1 pt
What are zero-rated items?
Evaluate responses using AI:
OFF
3.
OPEN ENDED QUESTION
3 mins • 1 pt
What items are exempt from VAT?
Evaluate responses using AI:
OFF
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary purpose of VAT?
To generate revenue for the government
To regulate prices
To encourage exports
To control inflation
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following items is typically exempt from VAT?
Luxury goods
Basic food items
Electronics
Clothing
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