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GS Paper IUPSC Prelims 1997
Fiscal Policy & Public Finance
Question No. 224Interactive Test Mode
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+2-0.66

Q224. The Minimum Alternative Tax (MAT) was introduced in the Budget of the Government of India for the year:

The Minimum Alternative Tax (MAT) was introduced in the Budget of the Government of India for the year:

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 1997 • Indian Economy

Correct Answer: Option (D) — 1996-97

Concept & Option Breakdown

Standard Reference Verified

Minimum Alternate Tax (MAT) was introduced under Section 115JA of the Income Tax Act in the Union Budget for the fiscal year 1996–97. It was designed to bring 'zero-tax companies'—companies showing large book profits in financial statements but zero or negligible taxable income due to extensive deductions—under the corporate tax ambit.

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Question Specifications & Syllabus Mapping

Examination & YearUPSC Civil Services Preliminary Examination 1997 (Q224)
Paper & Marking SchemeGS Paper I • 2 Marks (-0.66 Negative for incorrect response)
Syllabus Subject & TopicIndian Economy → Fiscal Policy & Public Finance
Official Answer KeyOption (D) — 1996-97

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Frequently Asked Questions — UPSC Prelims 1997 Q224

What is the official answer for UPSC Prelims 1997 GS Paper I Question 224 (Indian Economy)?

The official UPSC answer key for this 1997 Indian Economy (Fiscal Policy & Public Finance) question is Option (D): "1996-97". Correct attempts carry 2 Marks with -0.66 Negative penalty for wrong answers.

Which UPSC Prelims syllabus topic does this 1997 question belong to?

This question belongs to GS Paper I under the subject "Indian Economy" and micro-topic "Fiscal Policy & Public Finance". You can explore all repeated questions from Fiscal Policy & Public Finance 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 Fiscal Policy & Public Finance UPSC Prelims question using option elimination?

To solve Fiscal Policy & Public Finance 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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