Topics:
CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books
Indirect Taxes
Indirect taxes are taxes levied on:
- Incomes of individuals
- Profits of companies
- Commodities — Correct Answer
- Foreign investments
Explanation:
Correct Answer Explanation
Indirect taxes are taxes levied on commodities.
Key Points:
- Reforms made in indirect taxes to facilitate a common national market for goods.
- In 2016, Indian constitution was amended to introduce GST (Goods and Services Tax).
- GST aims for 'one nation, one tax and one market'.
📚 About this Topic — CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL
This multiple choice question is from CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL to strengthen your preparation.
