SSC Economics Sample Paper NCERT Sample Paper-6

  • question_answer
    With reference to contribution from taxes, consider the following statements:
    1. Contribution from direct taxes is more than mat from indirect taxes.
    2. Corporation tax is the largest contributor.
    Which of the statements given above is/are correct?

    A)  1 only 

    B)  2 only

    C)  Both 1 and 2    

    D)  neither 1 nor 2

    Correct Answer: C

    Solution :

    [c] Both 1 and 2. Since 2007-08, the contribution of direct tax has been more than indirect tax. Before this, the trend was opposite. Corporation tax is the largest contributor among the taxes.

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