Download App

Public Revenue — Economics STD 10 — Question

ICSE BoardEnglish MediumSTD 10EconomicsPublic Revenue2 Marks
Question
Mention any two objectives of GST.
✓

Answer

GST was introduced to achieve the following objectives.
(i) To eliminate multiple taxes
(ii) To reduce over all tax burden
(iii) To improve tax compliance

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "[2 Mark Question Answer]" from Public Revenue→Public Revenue — all question types→Economics STD 10 question papers→ICSE Board STD 10 question papers→ICSE Board question paper generator→

Similar questions

Differentiate between tax revenue and non-tax revenue.
→
What is a central bank? Mention any two reasons for setting up the Reserve Bank of India.
→
If the government of India levies excise duty on sugar, in which direction will the supply of sugar shift?
→
Explain the term 'demand".
→
Briefly explain the percentage method of calculating elasticity of demand.
→
What is the difference between an entrepreneur and an organizer?
→
Explain any two characteristics of capital.
→
Draw a well labelled diagram showing the price elasticity of supply of a commodity starting from the origin.
→
State the impact of each of the following changes on the demand curve of a commodity:
(i) Increase in individual income
(ii) A rise in the price of the commodity
(iii) Increase in the supply of a substitute commodity
iv) Increase in the price of a complementary commodity
→
Explain two rights of a consumer. ### Explain any three rights of a consumer.
→