Chirkut.বাংলা

MCQ practice · SSC Bangladesh and Global Studies Board questions · Chapter 12: The Financial and Banking Systems of the Government of Bangladesh

All boards 2018

What is VAT?

Think it through first, then pick an option.

  1. a Valuable Add Tax
  2. b Valuable Added Tax
  3. c Value Added Tax
  4. d Value Add Tax
Answer and explanation

Correct answer: c Value Added Tax

The book names the value added tax VAT.

Why the other options are wrong

  • a Valuable Add Tax: The full form of VAT is Value Added Tax; these words are wrong.
  • b Valuable Added Tax: It is Value, not Valuable; the full form is Value Added Tax.
  • d Value Add Tax: It is Added, not Add; the full form is Value Added Tax.