12th Class Economics Government Budget And The Economy / सरकार का बजट और अर्थव्यवस्था Question Bank Case-Based - Government Budget and the Economy

  • question_answer
    In the Government of India's budget for the year 2013 - 14, the Finance Minister proposed to raise the Goods and Services Tax (GST) on cigarettes. He also proposed to increase income tax on individual earning more than rupee one crore per annum.
    Identify the taxes proposed to be increased by the Budget 2013 - 14. The taxes proposed are:
     

    A) Goods and Services tax on cigarettes.

    B) Income tax on individuals earning Rs. 1 crore or above.

    C) Both [a] and [b]

    D) None of the above

    Correct Answer: C

    Solution :

    [c] Both [a] and [b]


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