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 of the following is an example of a public sector undertaking (PSU) in India?
View QuestionWhat is the main objective of disinvestment in public sector undertakings (PSUs)?
View QuestionWhat is “quantitative easing”?
View QuestionWhat does the “Phillips Curve” show?
View QuestionWhich of the following measures can reduce a trade deficit?
View QuestionWhich of the following causes demand-pull inflation?
View QuestionWhat does “Laissez-faire” policy advocate?
View QuestionWhat is meant by “crowding out” in economics?
View QuestionWhich organization publishes the Human Development Index (HDI)?
View QuestionWhat does the term "depreciation" refer to in the context of assets?
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