Home PYQs UPPSC UPPSC MCQs Prelims 2002 (GS Paper I)

Question

Which one of the following is the main source of the State revenue in U.P.:

  1. State Excise
  2. Stamps and Registration
  3. Land Revenue
  4. Trade Tax

Answer:

Option D: Trade Tax

Detailed Solution:

The correct answer is “Trade Tax”.

Trade Tax, also known as Goods and Services Tax (GST) now, is a significant source of revenue for the state government of Uttar Pradesh. It is collected on the sale or purchase of goods within the state and contributes substantially to the state's revenue earnings.