The 'Tendulkar Committee' was constituted in which year? MCQ with Answer and Explanation

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The 'Tendulkar Committee' was constituted in which year?

A. 2013

B. 2005

C. 2009

D. 2000

Answer: Option B

Solution (By JKSSB Mock Tests)

The Tendulkar Committee was constituted in 2005.

This question belongs to: Economy GK Economy Set 1

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Question #1

Which of the following is an example of a regressive tax?

A. Wealth tax

B. Goods and Services Tax (GST)

C. Income tax with higher rates for higher income

D. Corporate tax with progressive slabs

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Correct Answer: Option B

Explanation:
GST is largely regressive because lower-income groups spend a higher proportion of their income on consumption, bearing a relatively higher tax burden compared to higher-income groups.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Central Board of Indirect Taxes and Customs' administers:

A. GST, customs and indirect taxes

B. income tax

C. corporate tax

D. wealth tax

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Correct Answer: Option A

Explanation:
CBIC administers GST, customs and other indirect taxes.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'National Income' in India was first estimated by:

A. R.C. Dutt

B. Dadabhai Naoroji

C. P.C. Mahalanobis

D. V.K.R.V. Rao

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Correct Answer: Option D

Explanation:
V.K.R.V. Rao made the first scientific estimate of India's national income.

This question belongs to: Economy GK Economy Set 1

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