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GS Paper IUPSC Prelims 2010
Indian Economic Planning & Growth
Question No. 308Interactive Test Mode
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Q308. Consider the following statements: In India, taxes on transactions in Stock Exchanges and Futures Markets are 1. levied by the Union 2. collected by the States Which of the statements given above is/are correct?

Consider the following statements: In India, taxes on transactions in Stock Exchanges and Futures Markets are

  1. levied by the Union
  2. collected by the States Which of the statements given above is/are correct?
Select the correct option below (or cross out options to eliminate)
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Official Answer Key & Detailed Solution

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Official UPSC Answer KeyUPSC Prelims 2010 • Indian Economy

Correct Answer: Option (A) — 1 only

Concept & Option Breakdown

Standard Reference Verified

Under Article 269/Union List entries of the Constitution of India and the Finance Act 2004, the Securities Transaction Tax (STT) on stock exchange and futures transactions is levied and collected by the Union Government. States do not collect STT.

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Question Specifications & Syllabus Mapping

Examination & YearUPSC Civil Services Preliminary Examination 2010 (Q308)
Paper & Marking SchemeGS Paper I • 2 Marks (-0.66 Negative for incorrect response)
Syllabus Subject & TopicIndian Economy → Indian Economic Planning & Growth
Official Answer KeyOption (A) — 1 only

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Frequently Asked Questions — UPSC Prelims 2010 Q308

What is the official answer for UPSC Prelims 2010 GS Paper I Question 308 (Indian Economy)?

The official UPSC answer key for this 2010 Indian Economy (Indian Economic Planning & Growth) question is Option (A): "1 only". Correct attempts carry 2 Marks with -0.66 Negative penalty for wrong answers.

Which UPSC Prelims syllabus topic does this 2010 question belong to?

This question belongs to GS Paper I under the subject "Indian Economy" and micro-topic "Indian Economic Planning & Growth". You can explore all repeated questions from Indian Economic Planning & Growth in Acme AI's 3D Prelims PYQ Realm or practice 50 full-length and sectional tests in the APT Prelims Test Series.

How can I solve this Indian Economic Planning & Growth UPSC Prelims question using option elimination?

To solve Indian Economic Planning & Growth questions in UPSC Prelims, identify extreme modifiers, verify core NCERT conceptual definitions, and eliminate mutually contradictory statement pairs before locking your final option.

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