Question

Which of the following MMPs are specifically related to financial services and tax administration?

1. Banking: Enables 'anytime, anywhere banking' and integrates various bank systems.
2. Central Excise and Customs: Simplifies customs and excise procedures and provides information on tax rules.
3. Income Tax: Modernizes services to allow citizens to conduct all business with the department remotely.
4. Insurance: Focuses on digitizing processes in the general insurance sector.

• A. ii only
• B. i only
• C. ii, iii
• D. All of these

Answer 1

Answer:

D. All of these

Several Central MMPs are directly involved in financial services and tax administration. The Banking MMP aims to revolutionize banking accessibility. Central Excise and Customs, along with the Income Tax MMP, focuses on simplifying tax procedures and enhancing taxpayer services. The Insurance MMP also contributes to the financial sector by digitizing general insurance services. These projects collectively aim to bring efficiency, transparency, and ease of access to financial and tax-related government services.