Consider the following statements regarding the recently approved Project SAKSHAM by the Cabinet Committee on Economic Affairs:I. The Project will help in implementation of Goods and Services Tax (GST) and extension of the Indian Customs Single Window Interface for Facilitating Trade (SWIFT)II. The implementation strategy for the project will be to ensure readiness of CBECs IT systems by April, 1, 2017, when GST is to be introduced.Which of the following statement(s) is/are correct?a) Only Ib) Only IIc) Both I and IId) Neither I nor IICorrect answer is option 'C'. Can you explain this answer?

Explore Courses UPSC Exam UPSC Test Series Free Notes EduRev Infinity

Open App

UPSC Exam > UPSC Questions > Consider the following statements regarding t...

Join the Discussion on the App

Consider the following statements regarding the recently approved ‘Project SAKSHAM’ by the Cabinet Committee on Economic Affairs:

I. The Project will help in implementation of Goods and Services Tax (GST) and extension of the Indian Customs Single Window Interface for Facilitating Trade (SWIFT)

II. The implementation strategy for the project will be to ensure readiness of CBEC's IT systems by April, 1, 2017, when GST is to be introduced.

Which of the following statement(s) is/are correct?

a)
Only I
b)
Only II
c)
Both I and II
d)
Neither I nor II

Correct answer is option 'C'. Can you explain this answer?

FREE This question is part of

Science And Technology -MCQ Online Test (5)

Attempt Test

Attempt this Test

Verified Answer

Consider the following statements regarding the recently approved R...

Answer: c

Explanation:

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi has approved ‘Project SAKSHAM’, a New Indirect Tax Network (Systems Integration) of the Central Board of Excise and Customs (CBEC).

The total project cost involved is Rs.2256 crore which will be incurred over a period of seven years. It will help in:

• implementation of Goods and Services Tax (GST),

• extension of the Indian Customs Single Window Interface for Facilitating Trade (SWIFT) and

• other taxpayer-friendly initiatives under Digital India and Ease of Doing Business of Central Board of Excise and Customs.

The implementation strategy for the project will be to ensure readiness of CBEC's IT systems by April, 1, 2017, when GST is to be introduced. The upgrade of the IT systems will be carried out while keeping the existing Tax-payer services running.

View all questions of this test

View all answers Start learning for free

< Previous Question Next Question >

Explore Courses for UPSC exam

Similar UPSC Doubts

Consider the following statements regarding Pseumenes siangensis:Statement I:Pseumenes siangensis is a new species of potter wasp found in the Upper Siang District of Arunachal Pradesh.Statement II:The larvae of Pseumenes siangensis primarily consume plants, contributing to the regions floral biodiversity.Statement III:This species is part of the subfamily Eumeninae and constructs small mud nests for its larvae.Which one of the following is correct regarding the above statements?

View answer

Consider the following statements regarding EnviStats India 2024:Statement I:EnviStats India 2024 highlights a 72% increase in the number of Total Protected Areas from 2000 to 2023.Statement II:The report includes data on India’s faunal and floral diversity and compiles species richness based on the IUCN Red List of Threatened Species.Statement III:EnviStats India 2024 focuses exclusively on energy accounts and does not cover ocean accounts or biodiversity.Which one of the following is correct regarding the above statements?

View answer

Consider the following statements regarding the Business-Ready Index (B-READY):Statement I: The B-READY Index is a new initiative developed by the World Bank that aims to evaluate the business environment across various economies around the world.Statement II: The index only focuses on traditional business parameters, such as starting a business and enforcing contracts, without considering aspects like digitalization or gender equality.Statement III: The B-READY Index will initially cover 54 economies, with plans to expand to 180 countries by 2026.Which one of the following is correct regarding the above statements?

View answer

Consider the following statements:Statement-I:The Regional Comprehensive Economic Partnership (RCEP) primarily aims to establish an integrated market among 16 nations, facilitating easier access to products and services across the region.Statement-II:The RCEP consists of 10 ASEAN member countries and six Free Trade Agreement (FT

View answer

With reference to the companyadministration in British India, consider thefollowing statements regarding the Board ofControl:1. It was introduced through the Pitts IndiaAct 1784.2. It was established to guide and controlthe work of the Court of Directors.3. It had powers to appoint and dismissofficials of East India Company.Which of the statements given above arecorrect?

View answer

Top Courses for UPSCView all

Current Affairs & Hindu Analysis: Daily, Weekly & Monthly

Lucent for GK

History for UPSC CSE

Indian Polity for UPSC CSE

CSAT Preparation

Top Courses for UPSC

View all

Consider the following statements regarding the recently approved ‘Project SAKSHAM’ by the Cabinet Committee on Economic Affairs:I. The Project will help in implementation of Goods and Services Tax (GST) and extension of the Indian Customs Single Window Interface for Facilitating Trade (SWIFT)II. The implementation strategy for the project will be to ensure readiness of CBEC's IT systems by April, 1, 2017, when GST is to be introduced.Which of the following statement(s) is/are correct?a) Only Ib) Only IIc) Both I and IId) Neither I nor IICorrect answer is option 'C'. Can you explain this answer?

Share with a Friend

Answer this doubt

Question Description
Consider the following statements regarding the recently approved ‘Project SAKSHAM’ by the Cabinet Committee on Economic Affairs:I. The Project will help in implementation of Goods and Services Tax (GST) and extension of the Indian Customs Single Window Interface for Facilitating Trade (SWIFT)II. The implementation strategy for the project will be to ensure readiness of CBEC's IT systems by April, 1, 2017, when GST is to be introduced.Which of the following statement(s) is/are correct?a) Only Ib) Only IIc) Both I and IId) Neither I nor IICorrect answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding the recently approved ‘Project SAKSHAM’ by the Cabinet Committee on Economic Affairs:I. The Project will help in implementation of Goods and Services Tax (GST) and extension of the Indian Customs Single Window Interface for Facilitating Trade (SWIFT)II. The implementation strategy for the project will be to ensure readiness of CBEC's IT systems by April, 1, 2017, when GST is to be introduced.Which of the following statement(s) is/are correct?a) Only Ib) Only IIc) Both I and IId) Neither I nor IICorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding the recently approved ‘Project SAKSHAM’ by the Cabinet Committee on Economic Affairs:I. The Project will help in implementation of Goods and Services Tax (GST) and extension of the Indian Customs Single Window Interface for Facilitating Trade (SWIFT)II. The implementation strategy for the project will be to ensure readiness of CBEC's IT systems by April, 1, 2017, when GST is to be introduced.Which of the following statement(s) is/are correct?a) Only Ib) Only IIc) Both I and IId) Neither I nor IICorrect answer is option 'C'. Can you explain this answer?.

Solutions for Consider the following statements regarding the recently approved ‘Project SAKSHAM’ by the Cabinet Committee on Economic Affairs:I. The Project will help in implementation of Goods and Services Tax (GST) and extension of the Indian Customs Single Window Interface for Facilitating Trade (SWIFT)II. The implementation strategy for the project will be to ensure readiness of CBEC's IT systems by April, 1, 2017, when GST is to be introduced.Which of the following statement(s) is/are correct?a) Only Ib) Only IIc) Both I and IId) Neither I nor IICorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

Here you can find the meaning of Consider the following statements regarding the recently approved ‘Project SAKSHAM’ by the Cabinet Committee on Economic Affairs:I. The Project will help in implementation of Goods and Services Tax (GST) and extension of the Indian Customs Single Window Interface for Facilitating Trade (SWIFT)II. The implementation strategy for the project will be to ensure readiness of CBEC's IT systems by April, 1, 2017, when GST is to be introduced.Which of the following statement(s) is/are correct?a) Only Ib) Only IIc) Both I and IId) Neither I nor IICorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Consider the following statements regarding the recently approved ‘Project SAKSHAM’ by the Cabinet Committee on Economic Affairs:I. The Project will help in implementation of Goods and Services Tax (GST) and extension of the Indian Customs Single Window Interface for Facilitating Trade (SWIFT)II. The implementation strategy for the project will be to ensure readiness of CBEC's IT systems by April, 1, 2017, when GST is to be introduced.Which of the following statement(s) is/are correct?a) Only Ib) Only IIc) Both I and IId) Neither I nor IICorrect answer is option 'C'. Can you explain this answer?, a detailed solution for Consider the following statements regarding the recently approved ‘Project SAKSHAM’ by the Cabinet Committee on Economic Affairs:I. The Project will help in implementation of Goods and Services Tax (GST) and extension of the Indian Customs Single Window Interface for Facilitating Trade (SWIFT)II. The implementation strategy for the project will be to ensure readiness of CBEC's IT systems by April, 1, 2017, when GST is to be introduced.Which of the following statement(s) is/are correct?a) Only Ib) Only IIc) Both I and IId) Neither I nor IICorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of Consider the following statements regarding the recently approved ‘Project SAKSHAM’ by the Cabinet Committee on Economic Affairs:I. The Project will help in implementation of Goods and Services Tax (GST) and extension of the Indian Customs Single Window Interface for Facilitating Trade (SWIFT)II. The implementation strategy for the project will be to ensure readiness of CBEC's IT systems by April, 1, 2017, when GST is to be introduced.Which of the following statement(s) is/are correct?a) Only Ib) Only IIc) Both I and IId) Neither I nor IICorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Consider the following statements regarding the recently approved ‘Project SAKSHAM’ by the Cabinet Committee on Economic Affairs:I. The Project will help in implementation of Goods and Services Tax (GST) and extension of the Indian Customs Single Window Interface for Facilitating Trade (SWIFT)II. The implementation strategy for the project will be to ensure readiness of CBEC's IT systems by April, 1, 2017, when GST is to be introduced.Which of the following statement(s) is/are correct?a) Only Ib) Only IIc) Both I and IId) Neither I nor IICorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice UPSC tests.

Explore Courses for UPSC exam