6. What is/are the most likely advantages of implementing 'Goods and Services Tax (GST)'? 1. It will replace multiple taxes collected by multiple authorities and will thus create a single market in India. 2. It will drastically reduce the 'Current Account Deficit' of India and will enable it to increase its foreign exchange reserves. 3. It will enormously increase the growth and size of economy of India and will enable it to overtake China in the near future.
Select the correct answer using the code given below:
1 only
2 and 3 only
1 and 3 only
1, 2 and 3
7. With reference to the 'Prohibition of Benami Property Transactions Act, 1988 (PBPT Act)', consider the following statements: 1. A property transaction is not treated as a benami transaction if the owner of the property is not aware of the transaction. 2. Properties held benami are liable for confiscation by the Government.
3. The Act provides for three authorities for investigations but does not provide for any appellate mechanism.
Which of the statements given above is/are correct?
2 only
8. Consider the following statements: 1. Tax revenue as a per cent of GDP of India has steadily increased in the last decade. 2. Fiscal deficit as a per cent of GDP of India has steadily increased in the last decade.
Both 1 and 2
Neither 1 nor 2
9. What is the aim of the programme 'Unnat Bharat Abhiyan'?
Achieving 100% literacy by promoting collaboration between voluntary organizations and government's education system and local communities.
Connecting institutions of higher education with local communities to address development challenges through appropriate technologies.
Strengthening India's scientific research institutions in order to make India a scientific and technological power.
Developing human capital by allocating special funds for health care and education of rural and urban poor, and organizing skill development programmes and vocational training for them.
10. With reference to 'National Investment and Infrastructure Fund', which of the following statements is/are correct? 1. It is an organ of NITI Aayog. 2. It has a corpus of ₹ 400000 crore at present.