Multiple Choice Questions on The principal source of revenue to the State Government in India is ........ for General Studies (Level 1) Preparation

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Multiple Choice Questions

The principal source of revenue to the State Government in India is ........

Indian Economy (Easy) Budgeting and Fiscal policy
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    The principal source of revenue to the State Government in India is:

    Income Tax

    Incorrect Answer

    Sales Tax

    Correct Answer

    State Excise Duties

    Incorrect Answer

    Land Revenue

    Incorrect Answer
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    Explanation:

    The principal source of the state's own tax revenues is a sales tax which accounts for about 60 percent of the total.

    By: Parvesh Mehta
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