UPPSC 2018 GS-I Economy
Question

Direct Tax Code in India is related to which of the following?

Answer & Solution

Answer: (Detailed Solution Below)

Option B: Income Tax

Detailed Solution:

The correct answer is “Income Tax”.

The Direct Tax Code in India is related to Income Tax. It is a comprehensive set of direct tax laws that seeks to replace the existing Income Tax Act, 1961.

The Direct Tax Code proposes to simplify and rationalize the income tax laws in India, and bring them in line with international best practices. It aims to make the tax system more transparent, equitable, and efficient.

Similar Questions:

How many teams participated in FIFA World Cup organised in Russia from 14 June – 15 July 2018?
  1. 32
  2. 34
  3. 36
  4. 30
Consider the following statements and select the correct answer from the code given below:

Assertion(A): Economic development requires a multidimensional approach.
Reason(R): The present Government of India is focussing mainly on micro-economic issues.

Codes:
  1. Both (A) and (R) are true and (R) is correct explanation of (A).
  2. Both (A) and (R) are true, but (R) is not the correct explanation of (A).
  3. (A) is true, but (R) is false.
  4. (A) is false, but (R) is true.
Who among the following won the Magsaysay Award, 2018?
  1. Bharat Vatwani
  2. Sonam Wangchuk
  3. Both (a) and (b)
  4. None of the above
Arrange the following coffee producing countries in descending order of their coffee production (2016, quantity) and select the correct answer from the codes given below:

A. Colombia
B. Vietnam
C. Brazil
D. Indonesia

Codes:
  1. D, C, B, A
  2. C, B, A, D
  3. B, D, C, A
  4. C, A, B, D
Which of the following makes recommendation regarding fixing of minimum support price for various crops?
  1. Indian Council of Agricultural Research
  2. NABARD
  3. Commission for Agricultural Costs and Prices
  4. Indian Agricultural Research Institute
What is the current Total Fertility Rate (TFR) of India according to the National Family Health Survey (NFHS) (2015–16)(2019-2021)?
  1. 2.0
  2. 2.2
  3. 2.4
  4. 3.0
Which one of the following is not included in the "National Food Security Missions"?
  1. Oil seeds
  2. Wheat
  3. Rice
  4. Pulses
Which of the following is the first State in India formed on the basis of languages?
  1. Kerala
  2. Madhya Pradesh
  3. Andhra Pradesh
  4. Uttar Pradesh
Which of the following countries is the leading producer of lodine in the world?
  1. Japan
  2. U.S.A.
  3. Chile
  4. China
National income of India is estimated by:
  1. Planning Commission
  2. Ministry of Finance
  3. Central Statistical Organisation
  4. Reserve Bank of India
Which one of the following is not the problem of Small Scale Industries (SSIs)?
  1. Finances
  2. Marketing
  3. Raw materials
  4. Strikes and lockouts
In India which of the following Five Year Plans was launched with a focus on sustainable growth?
  1. 9th
  2. 10th
  3. 11th
  4. 12th