UPSC Prelims Marathon 28th March – Tax Structure in India – 2024

Consider the following statements:
1.The tax which has incidence and impact at the different points is the direct tax.
2.The interest tax and income tax are examples of direct tax.
Which of the statements given above is/are incorrect?

Consider the following statements regarding “progressive taxation”:
1.It refers to increasing rates of tax for increasing value or volume on which the tax is being imposed.
2.Goods and Services Tax is an example of progressive taxation.
Which of the statements given above is/are incorrect?

Which of the following is/are principle/s of a good tax system?
1.Fairness
2.Efficiency
3.Flexibility
How many of the statements given above are correct?

Which of the following tax/taxes is/are subsumed under Goods & Services tax?
1.Central excise duty
2.Service tax
3.Countervailing duty
How many of the statements given above are correct?

Consider the following statements regarding “Capital Gains Tax”:
1.It is an indirect tax.
2.It is imposed by the government on the profit earned from the sale of certain assets, such as stocks, bonds, real estate, or other investments.
Which of the statements given above is/are correct?

Consider the following statements regarding “Minimum Alternate Tax (MAT)”:
1.It is a direct tax imposed on the zero tax companies.
2.It was first imposed in 1997–98.
Which of the statements given above is/are correct?

Which of the following is/are N K Singh committee recommendation/s?
1.The combined debt-to-GDP ratio of the centre and states should be brought down to 60 per cent by 2023.
2.The Committee advocated fiscal deficit as the operating target to bring down public debt.
3.The Committee recommends that the central government should reduce its revenue deficit steadily by 0.25 percentage (of GDP) points each year.
How many of the statements given above are correct?

Which of the following organization releases the “International Debt Report (IDR)”?

The Govind wildlife sanctuary is recently seen in news located at?