(IGP) GS Paper 1 - Economic & Social Development - "Taxation System In India - Concepts & Policies : MCQ"

Subject - Economic and Social Development
Chapter - Taxation System In India: Concepts & Policies

1. Consider the following statements.

1. Constitution Amendment 115 is related to GST.
    
2. Octroi is a main source of Income for most of the local bodies in India.

Which of the above statements is / are true.

1. 1 & 2
2. 1 only
3. 2 only
4. Neither 1 nor 2

2. Consider the following statements about Goods & Services tax (GST) proposed:

1. Union Finance Minister would be the chairperson of GST council.
    
2. Most of the Indian states are opposing GST.

Which of the above statements is / are true.

1. 1 only
2. Both 1 and 2
3. 2 only
4. Neither 1 nor 2

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