Multiple choice general knowledge

Full form of VAT?

  1. various addition tax

  2. Value added tax

  3. value addition taxable

  4. variety added tax

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

VAT stands for Value Added Tax, which is the correct expansion. Option A has 'various addition' which is incorrect. Option C has 'addition taxable' which is grammatically incorrect. Option D has 'variety added' which is wrong.