The 'GST' is a comprehensive indirect tax that replaced how many central and state taxes? MCQ with Answer and Explanation

The 'GST' is a comprehensive indirect tax that replaced how many central and state taxes?
A. about 100
B. about 10
C. about 50
D. about 17 central and state taxes and multiple cesses
Answer: Option D
Solution (By JKSSB Mock Tests)
GST subsumed around 17 central and state indirect taxes and cesses.

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Practice More Economy Set 1 Questions

Question #1
The 'International Financial Services Centre' in India is located at:
A. Hyderabad
B. Bengaluru
C. Mumbai
D. GIFT City, Gandhinagar

Correct Answer: Option D


Explanation:
India's first IFSC is in GIFT City, Gandhinagar, Gujarat.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'Digital India' programme was launched in:
A. 2016
B. 2015
C. 2018
D. 2012

Correct Answer: Option B


Explanation:
Digital India was launched in July 2015.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'National Income' estimates in India are prepared by:
A. National Statistical Office
B. Ministry of Statistics and Programme Implementation
C. NITI Aayog
D. RBI

Correct Answer: Option A


Explanation:
National income estimates are prepared by the National Statistical Office.

This question belongs to: Economy GK Economy Set 1