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SSC Economics Sample Paper NCERT Sample Paper-7

  • question_answer
    What is the correct decreasing order of important taxes with respect to tax revenue collected by the government?

    A)  Central Excise, Customs duty, Service tax, Corporation tax

    B)  Corporation tax. Income tax, customs duty, Central Excise

    C)  Income tax, Corporation tax, customs duty, Central Excise

    D)  Corporation tax. Income tax. Service tax. Customs duty

    Correct Answer: D

    Solution :

    [d] Corporate tax is the single largest revenue-yielding tax in the country. The tax collection expected according to the 2015-16 budget is: Corporation Tax (Rs. 470628.00 crore), Income Tax (Rs. 327367.00 crore) Service Tax (Rs. 209774.00 crore) and Customs duties (Rs. 208336.00 crore)


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