Multiple Choice Questions on India has a Tax to GDP ratio This is low as compared to other comparable economies because........ for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

India has a Tax to GDP ratio This is low as compared to other comparable economies because........

Economic Affairs Growth and Indicators
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    India has a Tax to GDP ratio. This is low as compared to other comparable economies because

    Indian tax collection system is inefficient and therefore the net tax collection falls

    Incorrect Answer

    There is lack of tax compliance and the tax net is also narrow

    Correct Answer

    The tax base is very wide but the tax rate has been kept quite low

    Incorrect Answer

    None of the above statements explain India's position

    Incorrect Answer
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    Explanation:

    India has a Tax to GDP ratio. This is low as compared to other comparable economies because there is lack of tax compliance and the tax net is also narrow.

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