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GS Paper IUPSC Prelims 2004
Fiscal Policy & Public Finance
Question No. 220Interactive Test Mode
00:00
+2-0.66

Q220. Which of the following is not a recommendation of the task force on direct taxes under the chairm-anship of Dr. Vijay L. Kelkar in the year 2002?

Which of the following is not a recommendation of the task force on direct taxes under the chairm-anship of Dr. Vijay L. Kelkar in the year 2002?

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 2004 • Indian Economy

Correct Answer: Option (B) — Increase in the exemption limit of personal income to Rs. 1.20 lakh for widows

Concept & Option Breakdown

Standard Reference Verified

Option (b) was not recommended: The Vijay Kelkar Task Force on Direct Taxes (2002) recommended a uniform increase in the basic personal income tax exemption limit to Rs. 1,00,000 for general individual taxpayers, without proposing a specific Rs. 1.20 lakh limit specifically for widows.

Options (a), (c), and (d) were explicit recommendations of the Kelkar Task Force: It recommended the complete abolition of Wealth Tax, removal of the standard deduction for salaried employees, and complete exemption of dividend income and long-term capital gains on listed equities to reduce economic distortions and widen the tax net.

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Question Specifications & Syllabus Mapping

Examination & YearUPSC Civil Services Preliminary Examination 2004 (Q220)
Paper & Marking SchemeGS Paper I • 2 Marks (-0.66 Negative for incorrect response)
Syllabus Subject & TopicIndian Economy → Fiscal Policy & Public Finance
Official Answer KeyOption (B) — Increase in the exemption limit of personal income to Rs. 1.20 lakh for widows

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2003 • Q30583% Match

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Frequently Asked Questions — UPSC Prelims 2004 Q220

What is the official answer for UPSC Prelims 2004 GS Paper I Question 220 (Indian Economy)?

The official UPSC answer key for this 2004 Indian Economy (Fiscal Policy & Public Finance) question is Option (B): "Increase in the exemption limit of personal income to Rs. 1.20 lakh for widows". Correct attempts carry 2 Marks with -0.66 Negative penalty for wrong answers.

Which UPSC Prelims syllabus topic does this 2004 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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