In the following question, out of the four alternatives, select the alternative which will improve the bracketed part of the sentence. In case no improvement is needed, select "no improvement". It must (being) quite an exciting time to be alive.

The IEEE (Institute of Electrical and Electronics Engineers) was formed in 1963 by the merger of the Institute of Radio Engineers (IRE, founded 1912) and the American Institute of Electrical Engineers (AIEE, founded 1884).

What is Excise Duty? Is it collected by the State Government or the Central Government? How is it different from Sales Tax? Excise duty is a tax on manufacture or production of goods. Excise duty on alcohol, alcoholic preparations, and narcotic substances is collected by the State Government and is called "State Excise" duty. The Excise duty on rest of goods is called "Central Excise" duty and is collected in terms of Section 3 of the Central Excise Act, 1944.

Sales Tax is different from the Excise duty as former is a tax on the act of sale while the latter is a tax on the act of manufacture or production of goods.

Reference: http://www.cbec.gov.in/faq.htm

Kaif played his debut against England on January 28, 2002. In that match, India's target was 219 from 39 overs and that was achieved in 29.4 overs.

Jupiter	63
Saturn	60
Uranus	27
Neptune	13
Pluto	3
Mars	2
Earth	1
Venus	0
Mercury	0