Topics:
CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books
GST Aim
The aim of introducing GST in India is to:
- Increase tax complexity
- Generate additional revenue, reduce tax evasion, create 'one nation, one tax and one market' — Correct Answer
- Abolish all taxes
- Increase taxes on exports
Explanation:
Correct Answer Explanation
GST aims to generate additional revenue, reduce tax evasion, and create 'one nation, one tax and one market'.
Key Points:
- Introduced following a constitutional amendment in 2016.
- Empowered both state and union governments to impose GST.
- Part of broader indirect tax reform.
📚 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.
