In order to review the Income Tax Act, 1961 and to draft a new Direct Tax Law in consonance with economic needs of the country, the Government of India in November 2017 has constituted a Task Force. Who among the following is made the convenor of it ?

examrobotsa's picture

Submitted by examrobotsa on

Q: 99 (NDA-I/2018)
In order to review the Income Tax Act, 1961 and to draft a new Direct Tax Law in consonance with economic needs of the country, the Government of India in November 2017 has constituted a Task Force. Who among the following is made the convenor of it ?

question_subject: 

Polity

question_exam: 

NDA-I

stats: 

0,2,15,5,9,1,2

keywords: 

{'income tax act': [0, 0, 0, 2], 'shri arbind modi': [0, 0, 0, 1], 'new direct tax law': [0, 0, 0, 2], 'convenor': [0, 0, 0, 1], 'task force': [0, 0, 0, 1], 'shri amitabh kant': [0, 0, 0, 1], 'shri arvind subramanian': [0, 0, 0, 1], 'government': [5, 0, 0, 1], 'india': [8, 1, 7, 13], 'economic needs': [0, 0, 0, 1]}

The correct answer is option 4, Dr. Bibek Debroy. In November 2017, the Government of India constituted a Task Force to review the Income Tax Act, 1961 and draft a new Direct Tax Law in line with the economic needs of the country. Dr. Bibek Debroy is appointed as the convenor of this Task Force.

Let`s analyze the other options:

Option 1, Shri Arvind Subramanian: Shri Arvind Subramanian is an Indian economist who served as the Chief Economic Adviser to the Government of India from 2014 to 2018. He was not made the convenor of the Task Force.

Option 2, Shri Arbind Modi: There is no widely known person named Shri Arbind Modi. This option is likely incorrect as it does not match the name of any prominent individuals involved in taxation or economic policy in India.

Option 3, Shri Amitabh Kant: Shri Amitabh Kant is a bureaucrat and currently serves as the CEO of NITI Aayog, a policy think tank of the Government of India. Although he holds a key position in policymaking, there is no information to suggest that he was made the convenor of the Task