General Knowledge

Sales tax is a tax collected by an intermediary (the retailer) from the consumer, making it an indirect tax. Wealth, gift, and corporation taxes are direct taxes.

The question appears to combine two separate questions - one about President's rule (Article 356) and another about MAT expansion. MAT stands for Minimum Alternate Tax, a tax mechanism introduced to ensure companies paying minimum tax on declared income. The other options are incorrect expansions.

Hindustan Lever Limited (HLL), now Hindustan Unilever (HUL), rebranded to use the 'U' logo in 2005.

Kishore Biyani is the founder of Future Group, which owns the retail chain Pantaloon.

The State Bank of India (SBI) launched the 'Social Card' to facilitate charitable contributions through their banking network.

The United Nations declared 2005 as the International Year of Microcredit (often referred to as microfinance).

RFID stands for Radio Frequency Identification.

The Union Budget 2005-2006, presented by P. Chidambaram, projected a GDP growth rate of 6.9 percent. This was a significant target for the Indian economy at that time.

In March 2005, the Adhikari brothers sold the SAB TV brand to Sony Entertainment Television for a deal valued at approximately $13 million.

The World Bank, specifically the IBRD, was established as part of the Bretton Woods system and became a specialized agency of the United Nations in 1947.

Ratan Tata was named the Forbes Asian Businessman of the Year in 2004 for his leadership and the global expansion of the Tata Group.

Air India Express is the low-cost budget airline subsidiary of Air India, which commenced operations in April 2005 to connect Indian cities with the Gulf region.

In the context of Indian taxation, TIN stands for Tax Information Network, which is a centralized system for the collection and processing of tax-related data.

Tata Consultancy Services (TCS) was recognized as the best employer in India in the 2004 survey conducted by Hewitt Associates.

Awaz is a Hindi business news channel that is part of the CNBC TV18 network, catering to the Hindi-speaking business audience in India.

The catchphrase 'Make your own road' was famously used in the marketing campaigns for the Tata Safari, emphasizing its SUV capabilities.

Guy Kawasaki is a well-known author and marketing expert who wrote the book 'Selling the Dream', which focuses on the art of evangelism in business.

New Delhi hosted the G-20 meeting of Finance Ministers and Central Bank Governors in March 2005.

Fiat makes the Panda, Skoda makes the Fabia, and Honda makes the Civic. Since all these pairs are correctly matched, the statement that they are all matched properly is correct.

Rafflesia arnoldii is widely recognized as the world's largest individual flower, known for its massive size and distinct smell.

Lithium is the lightest metal and the lightest solid element in the periodic table, with an atomic number of 3.

The Foreign Exchange Regulation Act (FERA) was repealed and replaced by the Foreign Exchange Management Act (FEMA) in 1999 to liberalize foreign exchange controls in India.

Myopia, commonly known as nearsightedness, is a refractive error of the eye where distant objects appear blurry.

Cinnabar is the bright red form of mercury(II) sulfide and is the primary ore from which mercury is extracted.