WBCS.LIVE practice question

Of the gross tax revenue of the Union Government the indirect taxes account for nearly

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. 75%
  2. 55%
  3. 45%
  4. 35%

Correct answer and explanation

Correct answer: 45%

Explanation: āœ… Correct Answer: C) 45% šŸ“š Explanation: Indirect taxes, such as GST and excise duties, contribute a very large portion of the total tax revenue in India. While the exact percentage fluctuates each year with the budget, they typically account for around '45%' to 50% of the 'gross tax revenue'. This represents the widespread collection of taxes on goods and services consumed by the public.