Subject: Economics
Book: Comprehensive Indian Economy
India’s tax system comprises direct taxes (income tax, corporate tax) and indirect taxes (GST, customs, excise). GST subsumed numerous state and central levies, simplifying compliance and unifying markets. Ongoing reforms include rationalizing tax slabs, broadening the base, and improving digital compliance (e-filing, e-way bills). From an exam standpoint, note the difference between progressive and regressive taxation, how TDS works, and the rationale behind occasional surcharges or cesses. Contemporary debates revolve around reducing corporate tax rates to spur investment while ensuring enough revenue to fund welfare programs.
Which organization publishes the Human Development Index (HDI)?
View QuestionWhat does the term “national income” refer to?
View QuestionWhich of the following is an example of a capital receipt for the government?
View QuestionWhich of the following is an example of a non-renewable resource?
View QuestionWhat is the primary function of the International Monetary Fund (IMF)?
View QuestionWhich of the following is an example of fiscal policy?
View QuestionWhat is the objective of the Pradhan Mantri Jan Dhan Yojana?
View QuestionWhat is the concept of “invisible hand” associated with?
View QuestionWhich of the following causes demand-pull inflation?
View QuestionWhat is the significance of “Purchasing Power Parity” (PPP)?
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