GST is

a direct tax that replaced the personal income taxCorrect answerYour answeran indirect tax that replaced many central and state taxesCorrect answerYour answera tax paid only by exporters on goods sold abroadCorrect answerYour answera one-time tax on land owned by companiesCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer B

Correct answer: B

GST merged many indirect taxes into one, under the slogan 'One Nation, One Tax, One Market'.

Concept: GST
Typical timeTypical: 70 s
Your timeYours: —

The rule this testsGST

Practise this chapter →

Ten questions from Economic Reforms since 1991 (LPG), at your own pace.

Practise this chapter →

Ten questions from Economic Reforms since 1991 (LPG), at your own pace.

Practise this chapter All 65 questions in Economic Reforms since 1991 (LPG)Revise the notes for Economic Reforms since 1991 (LPG)

GST is

Explanation