Previous year MCQs

Economy UPPSC 2002 GS-I
Question

Which one of the following is the main source of the State revenue in U.P.:

Answer & Solution

Answer: (Detailed Solution Below)

Option D: Trade Tax

Detailed Solution:

The correct answer is “Trade Tax”.
Trade Tax, also known as Goods and Services Tax (GST) now, is a significant source of revenue for the state government of Uttar Pradesh. It is collected on the sale or purchase of goods within the state and contributes substantially to the state's revenue earnings.

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