Economics · Indian Economy and Taxation
Identify the CORRECT statement(s) about Economic Sectors and Taxation in India: A. The informal sector primarily belongs to the secondary sector and is fully covered under the GST regime. B. Capital gains tax is a direct tax imposed on profits from the sale of assets such as stocks and real estate. C. The Goods and Services Tax (GST) operates under a dual structure in India, with both Central GST (CGST) and State GST (SGST) levied on intra-state supplies. D. The primary sector's contribution to GDP has consistently increased over the last two decades despite a decline in employment share.
- 1Only B and C✓
- 2Only A and D
- 3Only C and D
- 4Only A, B, and C
Correct answer
Only B and C
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