Read the following statements carefully and choose the correct alternative from the following:
Statement 1 – Demonetization was the step taken by the Government of India in order to tackle the problems of corruption, black money, terrorism and circulation of fake currency in the Indian Economy.
Statement 2 – Demonetization has ensured improved tax compliance in India over the period of time.
Alternatives:
a) Both the statements are true.
b) Both the statements are false.
c) Statement 1 is true and Statement 2 is false
d) Statement 2 is true and Statement 1 is false
Statement 1 – Demonetization was the step taken by the Government of India in order to tackle the problems of corruption, black money, terrorism and circulation of fake currency in the Indian Economy.
Statement 2 – Demonetization has ensured improved tax compliance in India over the period of time.
Alternatives:
a) Both the statements are true.
b) Both the statements are false.
c) Statement 1 is true and Statement 2 is false
d) Statement 2 is true and Statement 1 is false
Answers & Comments
Verified answer
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The correct alternative is:
c) Statement 1 is true and Statement 2 is false
Statement 1 correctly describes the reasons given by the Indian government for demonetization. However, Statement 2 is not entirely accurate because the impact of demonetization on tax compliance is a topic of debate, and its effectiveness in achieving improved tax compliance is still a matter of discussion and evaluation.
Answer:
The correct alternative is:
c) Statement 1 is true and Statement 2 is false
Statement 1 correctly describes the reasons given by the Indian government for demonetization. However, Statement 2 is not entirely accurate because the impact of demonetization on tax compliance is a topic of debate, and its effectiveness in achieving improved tax compliance is still a matter of discussion and evaluation.
Explanation: