Multiple Choice Questions on The Centre and states have their own respective sources of revenues Which of the following is levied........... for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

The Centre and states have their own respective sources of revenues Which of the following is levied...........

Economic Affairs Tax System
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    The Centre and states have their own respective sources of revenues. Which of the following is levied by the Centre?

    1.    Professional tax

    2.    corporation tax

    3.    excise duty on liquor

    Select the correct answer using the codes given below.

    1 and 2

    Incorrect Answer

    2 only

    Correct Answer

    2 and 3

    Incorrect Answer

    1, 2 and 3

    Incorrect Answer
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    Explanation:
    Professional tax and Excise duty on liquor are levied by States. 
     

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