TNPSC GROUP II ONLINE TEST / QUIZ AS PER LATEST SYLLABUS | UNIT V: INDIAN ECONOMY AND DEVELOPMENT ADMINISTRATION IN TAMIL NADU | Resource sharing between Union and State Governments - Goods and Services Tax (GST).

TNPSC GROUP II ONLINE TEST / QUIZ AS PER LATEST SYLLABUS | அலகு V: இந்தியப் பொருளாதாரம் மற்றும் தமிழ்நாட்டில் வளர்ச்சி நிர்வாகம் | மத்திய மாநில அரசுகளுக்கிடையேயான நிதிப் பகிர்வு சரக்கு மற்றும் சேவை வரி.TNPSC GROUP II ONLINE TEST / QUIZ AS PER LATEST SYLLABUS | UNIT V: INDIAN ECONOMY AND DEVELOPMENT ADMINISTRATION IN TAMIL NADU | Resource sharing between Union and State Governments - Goods and Services Tax (GST).

1. Which article of the Indian Constitution deals with the distribution of legislative powers between the Union and the States?

A) Article 245 B) Article 246 C) Article 248 D) Article 249

2. The Goods and Services Tax (GST) was introduced in India on:

A) 1st April 2017 B) 1st July 2017 C) 1st January 2018 D) 1st April 2018

3. Which constitutional amendment act introduced the Goods and Services Tax (GST) in India?

A) 100th Amendment Act B) 101st Amendment Act C) 102nd Amendment Act D) 103rd Amendment Act

4. The GST Council is chaired by the:

A) Prime Minister B) President of India C) Union Finance Minister D) Governor of Reserve Bank of India

5. Which of the following taxes was NOT subsumed under GST?

A) Central Excise Duty B) Service Tax C) Basic Customs Duty D) VAT (Value Added Tax)

6. Integrated GST (IGST) is levied on:

A) Intra-state supply of goods and services B) Inter-state supply of goods and services C) Export of goods and services only D) Import of goods and services only

7. The concept of 'fiscal federalism' in India primarily relates to:

A) Division of judicial powers B) Division of administrative powers C) Division of financial powers D) Division of legislative powers

8. Which committee recommended the implementation of GST in India?

A) Kelkar Task Force B) Vijay Kelkar Committee C) N.K. Singh Committee D) Raja Chelliah Committee

9. The maximum rate of GST prescribed in the GST Act is:

A) 18% B) 28% C) 40% D) 50%

10. Which Article of the Constitution empowers the Parliament to make laws with respect to GST?

A) Article 246A B) Article 269A C) Article 279A D) Article 280

11. The Finance Commission in India is constituted under which Article of the Constitution?

A) Article 268 B) Article 270 C) Article 280 D) Article 282

12. The 'Concurrent List' in the Seventh Schedule of the Indian Constitution deals with:

A) Subjects on which only Union can legislate B) Subjects on which only States can legislate C) Subjects on which both Union and States can legislate D) Residual powers

13. What is the primary objective of introducing GST?

A) To increase direct tax collection B) To simplify indirect tax structure C) To promote exports only D) To reduce government expenditure

14. Which of the following is an example of a 'Union List' subject?

A) Public Health B) Police C) Defence D) Agriculture

15. The concept of 'Destination-based consumption tax' is associated with:

A) Income Tax B) Corporate Tax C) Goods and Services Tax D) Property Tax

16. The GST compensation to states for revenue loss is guaranteed for a period of:

A) 3 years B) 5 years C) 7 years D) 10 years

17. Which of the following is NOT a component of GST?

A) CGST B) SGST C) IGST D) BGST

18. The 'State List' in the Seventh Schedule of the Indian Constitution includes subjects like:

A) Railways B) Banking C) Public Order D) Foreign Affairs

19. The GST Identification Number (GSTIN) is a ______ digit number.

A) 10 B) 12 C) 15 D) 16

20. Which body determines the tax rates under GST?

A) Parliament B) Ministry of Finance C) GST Council D) Reserve Bank of India

21. What is the role of the Finance Commission in India regarding resource sharing?

A) To allocate funds for defense B) To recommend the distribution of tax revenues between Union and States C) To manage foreign exchange reserves D) To formulate monetary policy

22. The 'Cess' collected under GST is primarily used for:

A) Funding state-specific projects B) Compensating states for revenue loss C) Funding central government schemes D) Reducing public debt

23. Which of the following is a direct tax?

A) GST B) Customs Duty C) Income Tax D) Excise Duty

24. The GST Council's decisions are taken by a majority of at least:

A) Two-thirds of the weighted votes of the members present and voting B) Three-fourths of the weighted votes of the members present and voting C) Simple majority of members present and voting D) Unanimous decision of all members

25. Which part of the Indian Constitution deals with Finance, Property, Contracts, and Suits?

A) Part X B) Part XI C) Part XII D) Part XIII

26. The term 'Devolution of Funds' in the context of Union-State financial relations refers to:

A) States lending money to the Union B) Transfer of funds from Union to States C) International aid to states D) States collecting taxes for the Union

27. Which of the following is a feature of GST?

A) Cascading effect of taxes B) Tax on tax C) Input Tax Credit (ITC) mechanism D) Multiple points of taxation

28. The power to levy taxes on subjects not enumerated in any of the three lists (Union, State, Concurrent) is known as:

A) Concurrent power B) Exclusive power C) Residual power D) Shared power

29. A person who is required to obtain GST registration but fails to do so is liable to a penalty of:

A) ₹10,000 or 10% of the tax due, whichever is higher B) ₹25,000 C) ₹50,000 D) ₹1,00,000

30. Which of the following is responsible for the administration of SGST in a state?

A) Central Government B) State Government C) GST Council D) Reserve Bank of India

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