Subject Experts Solutions for Chapter: Indian Economy, Exercise 1: Practice Exercise

Which of the following statements is true about GST?

The Government of India has implemented a modified version of GAAR, from which of the following date?

Which of the following statement about $14\text{th}$ Finance Commission is correct?

$1.$ The Commission recommended an increase in the share of states in the centre's tax revenue from the current $32\%$ to $42\%,$ the single largest increase ever recommended.

$2.$ The $14\mathrm{th}$ Finance Commission, headed by former RBI Governor YV Reddy, has called for an autonomous and independent GST compensation fund.

$3.$ The $14\mathrm{th}$ Finance Commission is of the view that tax devolution should be the primary route for the transfer of resources to the states.

When will Basel III be going to be fully implemented?

Which of the following scheme provide the insurance coverage and financial support to the farmers in the event of failure of crops and subsequent low crop yield?

Which one among the following statements regarding the Eighth Five-Year Plan in India is incorrect?

Which of the following statement is true with regard to WTO membership?
$1.$ All WTO members automatically receive the 'most favoured nation'
status.
$2.$ Over $75\%$ of WTO members are from developing countries, WTO membership allows them access to developed markets at the lower tariff.

TRIPS (Trade-Related Aspects of Intellectual Property Rights) agreement is administered by _____.