726: Consider the following statements :
1. Life Insurance Corporation of India is the oldest insurance company is India.
2. National Insurance Company Limited was nationalized in the year 1972 and made a subsidiary of General Insurance Corporation of
India.
3. Headquarters of United India Insurance Company Limited are located at Chennai.
Which of the statements given above are correct?
(a) 1 and 2, only
(b) 1 and 3, only
(c) 2 and 3, only
(d) 1, 2 and 3
727: Which one of the following is not a feature of "Value Added Tax" ?
(a) It is basically a subject of the Central Government and the State Governments are only a facilitator for its successful implementation
(b) It is a multi-point destination-based system of taxation
(c) It is a tax levied on value addition at each stage of transaction in the production-distribution chain
(d) It is a tax on the final consumption of goods or services and must ultimately be borne by the consumer
728: The SEZ Act, 2005 which came into effect in February 2006 has certain objectives. In this context, consider the following :
1. Development of infrastructure facilities.
2. Promotion of investment from foreign sources.
3. Promotion of exports of services only.
Which of the above are the objectives of this Act ?
(a) 1 and 2 only
(b) 2 and 3 only
(b) 3 only
(d) 1, 2 and 3
729: If a new State of the Indian Union is to be created, which one of the following Schedules of the Constitution must be amended ?
(a) First
(b) Second
(c) Third
(d) Fifth
730: By which Amendment to the Constitution, the Fundamental Duties of the citizens were specified?
(a) 38th
(b) 40th
(c) 42nd
(d) 44th