MCQ
upsc-p1-economy-taxation-gst MCQ - Practice Questions with Answers
Solve 3 upsc-p1-economy-taxation-gst questions for RAS/RPSC preparation.
Practice questions
Q1Match List I with List II and select the correct answer using the code given below. List I A. Article 270 B. Article 271 C. Union List Entry 83 D. State List Entry 46 List II 1. Taxes on agricultural income 2. Customs duties 3. Distribution of specified Union taxes between the Union and the States 4. Surcharges for Union purposes
Article 270 concerns distribution of specified Union taxes; Article 271 permits surcharges for Union purposes. Union List Entry 83 covers customs duties, while State List Entry 46 covers taxes on agricultural income. Hence option A gives the complete match.
Q2With reference to the GST Council, consider the following statements: 1. Its quorum is one-half of its total membership. 2. The Union's vote has one-third weight, while all States together have two-thirds weight. 3. A decision requires at least three-fourths of the weighted votes of members present and voting. 4. Its recommendations bind Parliament and State Legislatures in the same manner as enacted legislation. Select the correct answer using the code given below.
Statements 1, 2 and 3 reproduce the Council's quorum and weighted-voting design. Statement 4 is incorrect: Mohit Minerals held that Council recommendations have persuasive value and do not operate as binding legislation; Parliament and State Legislatures retain law-making power under Article 246A.
Q3With reference to the constitutional framework of GST, consider the following statements: 1. Article 265 requires authority of law for both levy and collection of a tax. 2. Article 246A gives Parliament exclusive power over GST on inter-State supplies. 3. Article 269A provides for inter-State GST to be levied and collected by the Union and apportioned between the Union and the States. 4. Article 366(12A) excludes alcoholic liquor for human consumption from the definition of GST. Select the correct answer using the code given below.
All four statements are correct. Article 265 supplies the legality rule. Article 246A creates concurrent GST law-making power but reserves inter-State supplies to Parliament. Article 269A governs Union levy, collection and apportionment of inter-State GST, while Article 366(12A) excludes alcoholic liquor for human consumption.
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