UPSC Indian Polity and Civics The Union Legislature Question Bank Parliament

  • question_answer
    Which one of the following statements is correct with regard to the power of Parliament in enacting the Budget?

    A)  It can increase a tax, but not reduce it.

    B)  It can increase a tax, as well as reduce or abolish it.

    C)  It cannot increase a tax, but can reduce or abolish it.

    D)  It can neither increase a tax nor reduce it.

    Correct Answer: C

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