1997 General Studies, all questions
UPSC Prelims 1997 · General Studies
Question 103: Economy and Social Development
The Minimum Alternative Tax (MAT) was introduced in the Budget of the Government of India for the year
a1991-92
b1992-93
c1995-96
d1996-97
AnswerThe answer is (d).
The Minimum Alternative Tax, a minimum tax on companies that show large book profits but pay little or no tax, was introduced in the 1996-97 Budget. Its purpose was to make 'zero-tax' companies pay something. Remember MAT with the 1996-97 Budget.
Why each option is right or wrong
- (a) 1991-92 was the reform budget year, but not when MAT was introduced.
- (b) 1992-93 is not the year MAT was introduced.
- (c) 1995-96 is a year before MAT was introduced.
- (d) Right: the 1996-97 Budget.
Explanation: written by UPSC Grade, not by UPSC.
Source: UPSC, Civil Services (Preliminary) Examination 1997, General Studies. UPSC's own paper isn't online; the words are from a published compilation. The paper on upsc.gov.in.