Multiple Choice Questions on Consider the following statementsabout GST Council 1 Chairperson is Union Finance Min........... for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

Consider the following statementsabout GST Council 1 Chairperson is Union Finance Min...........

Economic Affairs Tax System
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    Consider the following statementsabout GST Council -

    1.    Chairperson is Union Finance Minister

    2.    Quorum for it is 50%

    3.    Decisions are taken by 75% majority.

    4.    Council to make recommendations on everything related to GST including laws, rules and rates, etc.

    Which of the statements given above is/are correct?

    1, 2, and 3 only

    Incorrect Answer

    3 and 4 only

    Incorrect Answer

    4 only

    Incorrect Answer

    1, 2, 3 and 4

    Correct Answer
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    Explanation:

    - Statement 1: The Chairperson of the GST Council is indeed the Union Finance Minister. This is correct.

    - Statement 2: The quorum for the GST Council is 50% of the total members. This statement is correct.

    - Statement 3: Decisions in the GST Council are taken by a 75% majority. This is true, as the voting system requires a three-fourth majority of the weighted votes.

    - Statement 4: The GST Council makes recommendations on matters related to GST, including laws, rules, and rates. This is accurate.

    All statements are correct, aligning with option 4: 1, 2, 3, and 4 are all correct.

    Correct Answer: Option 4 - 1, 2, 3, and 4

    By: Vishal
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