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UPSC Economics Business and Foreign Trade / व्यापार और विदेश व्यापार Question Bank Money Supply and Indian Financial System

  • question_answer
          Which of the following are among the taxes levied exclusively by the Central Government and are mentioned in the Union List of the Seventh Schedule of the Constitution of India?
    1. Corporation Tax
    2. Taxes on advertisement in the newspapers
    3. Taxes on Agricultural income
    4. Taxes on consumption/sale of electricity

    A)  Only 2                         

    B) Only 4

    C)  1 and 2                       

    D) 3 and 4

    Correct Answer: C

    Solution :

    Taxes on Agricultural income and Taxes on consumption/sale of electricity are levied by the State Governments.


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