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Indian Economy Basics MCQs

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Question 41 Indian Economy Basics

Which constitutional amendment introduced the Goods and Services Tax in India?

Correct answer A. 101st Amendment Act, 2016

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Question 42 Indian Economy Basics

Correct answer C. 1 July 2017

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Question 43 Indian Economy Basics

Correct answer C. Article 279A

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Question 44 Indian Economy Basics

Correct answer A. Subtracting indirect taxes and adding subsidies

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Question 45 Indian Economy Basics

Correct answer D. An executive resolution of the Union Government

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Question 46 Indian Economy Basics

Correct answer A. 1950

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Question 47 Indian Economy Basics

Correct answer D. Tertiary sector

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Question 48 Indian Economy Basics

Correct answer D. NNP at factor cost

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Question 49 Indian Economy Basics

Correct answer B. Depreciation (consumption of fixed capital)

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Question 50 Indian Economy Basics

Correct answer B. Net factor income from abroad

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