Multiple Choice Questions on A country can be said to be moving towards a more efficient Tax System if 1 The Tax to GDP ratio is ........... for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

A country can be said to be moving towards a more efficient Tax System if 1 The Tax to GDP ratio is ...........

Economic Affairs Tax System
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    A country can be said to be moving towards a more efficient Tax System if

    1. The Tax to GDP ratio is declining

    2. The share of direct taxes is more as compared to indirect taxes

    Select the correct answer using codes given below

    1 only

    Incorrect Answer

    2only

    Correct Answer

    Both are correct

    Incorrect Answer

    None is correct

    Incorrect Answer
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    Explanation:

    An increase in Tax to GDP ratio is regarded as the ideal for efficient tax structure.

    Also, since indirect taxes are equally placed on all consumers, direct taxes which are more targeted and proportional in nature are ideally suited for a more efficient tax structure

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