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Test: Tax and Economic Reforms of UP - UPPSC (UP) MCQ


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10 Questions MCQ Test - Test: Tax and Economic Reforms of UP

Test: Tax and Economic Reforms of UP for UPPSC (UP) 2024 is part of UPPSC (UP) preparation. The Test: Tax and Economic Reforms of UP questions and answers have been prepared according to the UPPSC (UP) exam syllabus.The Test: Tax and Economic Reforms of UP MCQs are made for UPPSC (UP) 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Tax and Economic Reforms of UP below.
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Test: Tax and Economic Reforms of UP - Question 1

What is the primary characteristic of tax mentioned in the text?

Detailed Solution for Test: Tax and Economic Reforms of UP - Question 1
Tax, as per the text, is described as a mandatory financial contribution required from citizens to support government expenditures. It is legally obligatory, making option B the correct answer. This characteristic distinguishes taxes from voluntary payments, fines, or penalties for legal violations.
Test: Tax and Economic Reforms of UP - Question 2

Which of the following is an example of a direct tax?

Detailed Solution for Test: Tax and Economic Reforms of UP - Question 2
Direct taxes are imposed directly on an individual's income and wealth, and income tax is explicitly mentioned in the text as an example of a direct tax. Therefore, option C is the correct answer.
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Test: Tax and Economic Reforms of UP - Question 3

What is the key advantage of GST mentioned in the text?

Detailed Solution for Test: Tax and Economic Reforms of UP - Question 3
The text highlights that GST eliminates the cascading effect on the sale of goods and services, as tax on tax is eliminated. This directly leads to a decrease in the cost of goods, making option B the correct answer.
Test: Tax and Economic Reforms of UP - Question 4
In the context of Uttar Pradesh, what does the term "gasohol" refer to?
Detailed Solution for Test: Tax and Economic Reforms of UP - Question 4
The text explains that the Indian government launched a pilot project in Uttar Pradesh to produce gasohol from power alcohol. Therefore, the correct answer is option A.
Test: Tax and Economic Reforms of UP - Question 5
Which department in Uttar Pradesh primarily regulates the prohibition of intoxicating substances?
Detailed Solution for Test: Tax and Economic Reforms of UP - Question 5
The text mentions that the Excise Department in Uttar Pradesh prioritizes the development, regulation, and effective control of the prohibition of intoxicating substances. Therefore, option C is the correct answer.
Test: Tax and Economic Reforms of UP - Question 6
Which tax was implemented in Uttar Pradesh in 2017 to replace numerous intricate taxes with a unified system?
Detailed Solution for Test: Tax and Economic Reforms of UP - Question 6
The text mentions that Uttar Pradesh implemented the Goods and Services Tax (GST) in 2017, replacing numerous intricate taxes with a unified system. Therefore, option B is the correct answer.
Test: Tax and Economic Reforms of UP - Question 7
What is the primary revenue source for the state government in Uttar Pradesh?
Detailed Solution for Test: Tax and Economic Reforms of UP - Question 7
Sales tax is mentioned in the text as serving as the primary revenue source for the state government in Uttar Pradesh. Therefore, option C is the correct answer.
Test: Tax and Economic Reforms of UP - Question 8
Which act and rules govern the regulatory framework for overseeing entertainment operations in Uttar Pradesh?
Detailed Solution for Test: Tax and Economic Reforms of UP - Question 8
The text mentions that the regulatory framework for overseeing entertainment operations in Uttar Pradesh is established by various laws and rules, including the Uttar Pradesh Amusement and Betting Tax Act of 1979. Therefore, option A is the correct answer.
Test: Tax and Economic Reforms of UP - Question 9
What significant improvement did Uttar Pradesh achieve in the Ease of Doing Business ranking from 2018 to 2019?
Detailed Solution for Test: Tax and Economic Reforms of UP - Question 9
According to the text, Uttar Pradesh secured the second position in the country's Ease of Doing Business ranking for 2019, a significant improvement from its 12th position in 2018. Therefore, option C is the correct answer.
Test: Tax and Economic Reforms of UP - Question 10
What is the primary focus of the Uttar Pradesh government's economic reforms as per the information provided?
Detailed Solution for Test: Tax and Economic Reforms of UP - Question 10
The text highlights the focus on economic reforms in Uttar Pradesh, including investments in new roads, highways, and airports to facilitate business operations and attract investments. Therefore, option B is the correct answer.
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