Which of the following is a characteristic of the Indian tax structure post-GST? MCQ with Answer and Explanation

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Which of the following is a characteristic of the Indian tax structure post-GST?

A. Origin-based taxation without input credit

B. Multiple cascading taxes on the same value addition

C. Only central taxes without state participation

D. Destination-based consumption tax with input tax credit

Answer: Option D

Solution (By JKSSB Mock Tests)

GST is a destination-based consumption tax that allows seamless input tax credit, thereby eliminating cascading and creating a unified market.

This question belongs to: Economy GK Economy Set 1

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The concept of 'Multiplier-Accelerator Interaction' is associated with:

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C. Business cycle theories

D. Public finance theories

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Correct Answer: Option C

Explanation:
The interaction between the multiplier and accelerator is used in theories of business cycles (e.g., by Samuelson and Hicks) to explain fluctuations in economic activity.

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Correct Answer: Option B

Explanation:
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The 'Pradhan Mantri Suraksha Bima Yojana' provides insurance against:

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Correct Answer: Option D

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This question belongs to: Economy GK Economy Set 1

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