Read the two statements and choose the correct option.
I. GST is a direct tax.
II. Income tax in India is a progressive tax.

Only ICorrect answerYour answerOnly IICorrect answerYour answerBoth I and IICorrect answerYour answerNeither I nor IICorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer B

Correct answer: B

GST is levied on goods and services and passed on in prices: indirect. I is false.
Higher income slabs face higher rates. II is true.

Ten questions from Government Budget: Receipts & Expenditure, at your own pace.

Ten questions from Government Budget: Receipts & Expenditure, at your own pace.

Read the two statements and choose the correct option.I. GST is a direct tax.II. Income tax in India is a progressive tax.