Goods and Service Tax, the single comprehensive indirect tax on all goods and services, extends the principle of one of the following Option 1: Central Sales Taxation. Option 2: Central Excise Duty. Option 3: Value- added taxation. Option 4: Sales Taxation.

The answer is 'Value- added taxation.'. View full solution:

CUET Economics - Goods and Service Tax, the single comprehensive indirect tax on all goods and services, extends the principle of one of the following | PYQs + Solutions

CUET Economics 2025 28 May Shift 2

Macro

Medium

Central Sales Taxation.

Central Excise Duty.

Value- added taxation.

Sales Taxation.

✅ Correct Option: 3

Related questions:

CUET Economics 2022 Slot 4

Suppose you are a member of the "Advisory Committee to the Finance Minister of India". The finance minister is concerned about the rising Revenue Deficit in the budget.

Which measure would you suggest to control the rising Revenue deficit of the government ?

2 June Shift 1

Which of the following statements are incorrect?

(A) Loans from IMF is a Revenue Receipt.

(B) Capital Receipts are shown on the liabilities of the balance sheet.

(D) Revenue Deficit is the excess of capital receipts over the revenue receipts.

Choose the correct answer from the options given below:

CUET Economics 2022 Slot 1

Match List With List II

List I Description in Budget speech	List II Figures in per cent
A. Projected Fiscal Deficit in 2022-23.	I. (-16.67%)
B. States Fiscal deficit in 2022-23.	II. 6.4% of GDP
C. Change in dis-investment proceedings in FY 2022-23.	III. 35.4%
D. Change in Capex target in FY 2022-23.	IV. Upto 4% of GDP

Choose the correct answer from the options given below:

CUET Economics 2025 28 May Shift 2 PYQs

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