PSSSB Excise Inspector flashcards

32 cards. Read the term and the definition here. The deck at the top of this page is optional.

Punjab Excise Act, 1914

Principal state statute governing manufacture, possession, transport, import, export, sale and consumption of intoxicating liquor and other excisable intoxicants in Punjab; rules framed under it supply licensing and enforcement details.

Excise duty incidence

State excise duty is levied on the manufacture or production of liquor at the licensed distillery or brewery stage; it is distinct from retail licence fees and from GST, which excludes alcoholic liquor for human consumption.

Punjab Excise Policy

Annual policy notified by the Punjab government that fixes excise duty rates, licence categories and fees, quotas, retail vending arrangements and other conditions for the financial year.

Excise licence cancellation

A licensing authority may suspend or cancel a liquor licence for breach of the Act, rules or licence conditions, including unauthorised stock, non-payment of dues or sale outside permitted hours.

Excise Inspector powers

Excise inspectors inspect licensed premises, verify stocks and accounts, seize contraband or non-duty-paid liquor, draw samples and report breaches to the competent excise authority for action.

GST Council

Constitutional body under Article 279A chaired by the Union Finance Minister; it recommends GST rates, exemptions, thresholds and model laws, with states and Centre voting on proposals.

Input Tax Credit

A registered taxpayer may set off GST paid on business inputs and input services against output GST, subject to possession of tax invoice, receipt of goods or services and non-blocked credit conditions.

VAT

State-level multi-stage tax on sale of goods, levied at each stage with credit for tax paid on purchases; most goods were subsumed into GST from 1 July 2017.

IGST

Integrated GST levied by the Centre on inter-state supplies and imports; revenue is apportioned between the destination state and the Centre under GST law.

GST registration threshold

For most states, GST registration is required when aggregate turnover exceeds ₹40 lakh for goods or ₹20 lakh for services; special-category states have lower thresholds of ₹20 lakh and ₹10 lakh.

Chandrayaan-3 landing

India's Chandrayaan-3 Vikram lander soft-landed near the Moon's south pole on 23 August 2023, making India the fourth country to achieve a lunar soft landing.

G20 New Delhi Summit

The 2023 G20 leaders' summit was held in New Delhi on 9-10 September under India's presidency; the presidency was then handed over to Brazil.

World Trade Organization

International body established on 1 January 1995 to regulate and liberalise global trade, succeeding GATT; it administers trade agreements and settles disputes between member countries.

United Nations principal organs

The UN has six principal organs: General Assembly, Security Council, Economic and Social Council, International Court of Justice, Secretariat and Trusteeship Council, which is currently suspended.

Punjab capital

Chandigarh is the capital of Punjab and also a Union Territory serving as the shared capital of Haryana; it is not part of either state's territory.

Bhakra Dam

A major multipurpose dam on the Sutlej River in Himachal Pradesh that supplies irrigation and hydropower to Punjab, Haryana and Rajasthan under the Bhakra-Nangal project.

Punjabi Suba

The 1966 reorganisation that divided the erstwhile Punjab into Punjab, Haryana and Chandigarh, following demands for a Punjabi-speaking state; Punjab's present boundaries date from it.

Jallianwala Bagh

Site in Amritsar where British troops fired on a gathering on 13 April 1919, killing hundreds; the massacre became a turning point in India's freedom movement.

Punjab Assembly seats

The Punjab Legislative Assembly has 117 elected members; the state sends 13 members to the Lok Sabha and 7 to the Rajya Sabha.

Subject-verb agreement

A singular subject takes a singular verb and a plural subject takes a plural verb; phrases between subject and verb do not change the verb's number.

Present perfect tense

Formed with has/have plus past participle, it shows an action completed at an unspecified past time with present relevance, or continuing up to now.

Active to passive

Convert by making the object the subject, adding a form of be plus past participle, and placing the original subject after by or omitting it.

Fewer versus less

Use fewer with countable plural nouns, as in fewer students; use less with uncountable nouns, as in less water. The distinction is tested in error-spotting.

Gurmukhi script direction

Gurmukhi is written from left to right; Punjabi is its main language, and the script has 35 primary consonants plus vowel signs and nasal marks.

Punjabi sentence order

Standard Punjabi sentences normally follow subject-object-verb order; postpositions follow the noun, and adjectives precede the noun they modify.

Punjabi grammatical gender

Punjabi nouns have two grammatical genders, masculine and feminine; gender affects adjective and verb agreement, and is not always predictable from meaning.

Addhak in Gurmukhi

The addhak (ੱ) is a sign placed before a consonant to double it, affecting pronunciation and meaning; it is distinct from bindi and tippi, which mark nasalisation.

Simple interest formula

Simple interest equals principal multiplied by rate per year multiplied by time in years, divided by 100; amount is principal plus interest.

Compound interest formula

Compound interest equals principal times (1 plus rate divided by 100) raised to the number of years, minus principal; for half-yearly compounding halve the rate and double the time.

Work rate rule

If a person completes a job in t days, one day's work is 1/t; combined work rate is the sum of individual rates, and time together is the reciprocal of that sum.

Relative speed

When two bodies move in opposite directions, relative speed is the sum of their speeds; when moving in the same direction, it is the positive difference.

Probability formula

Probability of an event equals the number of favourable equally likely outcomes divided by the total number of outcomes; it ranges from zero to one.