UPSC Economics Business and Foreign Trade / व्यापार और विदेश व्यापार Question Bank Fiscal and Monetary Policy

      DIRECTIONS: Match List-I with List-II and select the correct answer using the codes given below the lists.

Match columns A and B wherein column B shows the tax to GDP ratio for respective year in Column-A

Column A Column B

I. 1950-51 A. 10.60%

II. 2007-08 B. 6%

III. Present C. 11.89%

A) I-C, II-A, III-B

B) I-A, II-C, III-B

C) I-B, II-C, III-A

D)        I-B, II-A, III-B

Correct Answer: C

Solution :

The tax to GDP ratio (centre and states together) was 6 percent in 1950-51, rose to 11.89 in 2007-08 and is currently around 10.60%

Match columns A and B wherein column B shows the tax to GDP ratio for respective year in Column-A
	Column A		Column B
I.	1950-51	A.	10.60%
II.	2007-08	B.	6%
III.	Present	C.	11.89%