UPSC Prelims 2017 · GS Paper 1 · Q81
Economy
Easy · Taxation: GST
Which of the following is a genuine, most likely advantage of implementing the Goods and Services Tax (GST) in India?
1. It replaces multiple taxes collected by multiple authorities with a single, unified national market.
2. It directly and drastically reduces India's Current Account Deficit and boosts forex reserves.
3. It would allow India to overtake China's economy in the near future.
Select the correct answer using the code given below.