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Question

80. Consider the following statements with respect to Pradhan Mantri Garib Kalyan Yojana, 2016

i. PMGKY was proposed by Taxation laws (Second Amendment) Bill, 2016

ii. Its aim is to use the black money collected post demonetization in welfare of the poor

Which of the above statements are correct?


A

a) i only

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B

b) ii only

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C

c) Both i and ii

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D
d) None of the above
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Solution

The correct option is C

c) Both i and ii


Ans80. C

Explanation: Black Money collected post demonetization is used in welfare schemes through PMGKY which was proposed by Taxation laws (Second Amendment) Bill 2016. PMGKY allows people to deposit previously untaxed money by paying 50% of the total amount


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