Questions

No, the given statement that the Walker Cup is associated with POLO is FALSE. The Walker Cup is an International Trophy which is associated with GOLF.

Corporation tax is a tax imposed on the net income of the company. Companies, both private and public which are registered in India under the Companies Act 1956, are liable to pay corporate tax.

Taxes in India are levied by the Central Government and the state governments. Some minor taxes are also levied by the local authorities such as the Municipality. The authority to levy a tax is derived from the Constitution of India which allocates the power to levy various taxes between the Central and the State.

Hence, Corporate Tax is imposed by Central Government.

Flow control, also called optimized production technology, focuses on the efficient flow of material through the production process. The philosophy of flow control focuses on bottlenecks. For example, an owner using flow control will not buy a machine capable of 1,000 units an hour if supply 500 units. Examine systems and determine where lowest flow is experienced, then address that point and make sure it operates at full capacity. Flow control applies well where maximum productivity is required.

Town planning, Drainage system and Use of Bronze are the features of Indus Valley Civilization. Use of Iron was not the feature of this.