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Economic Reforms since 1991 (LPG) · Question 63 of 65

Question 63

MediumOriginal question

Read the two statements and choose the correct option.

I. GST was expected to make India a single common market for goods and services.

II. GST replaced the income tax.

Options for question 63

Show the answer and explanation
CorrectNot quiteAnswer A

Correct answer: A

Explanation

  1. One tax across states removes the barriers that state taxes created: I is true.

  2. Income tax is a direct tax and still exists; GST replaced indirect taxes. II is false.

Concept
GST
Typical time
70 s
Your time
—
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.