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Polity Test - 1

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Section-1

Question 10
DIFFICULTCorrect: +2Incorrect: -2

With reference to the Allocation of Taxing Powers in India, consider the following statements:
1. The Parliament's exclusive power to levy taxes includes the imposition of gift tax, wealth tax, and expenditure tax, however these specific taxes are not enumerated in the Union List.
2. The state legislature can impose taxes on subjects not mentioned in any of the three lists if it receives special permission from the Parliament.
3. The 101st Amendment Act of 2016 conferred concurrent power upon Parliament and State Legislatures to make laws governing goods and services tax, but this amendment did not alter the residuary power of taxation vested in the Parliament.
4. The Concurrent List, despite not containing any tax entries, allows for shared legislative competence between the Centre and the states in matters related to the administration of particular taxes.
How many of the statements given above are correct?

    a
    Only one
    b
    Only two
    c
    Only three
    d
    All four