Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Human Capital Formation in India

Question:

Government of India has also started levying a 2 per cent ___________on all Union taxes. The revenues from the same has been earmarked for spending on elementary education.

Options:

education levy

education cess

education tax

education surcharge

Correct Answer:

education cess

Explanation:

Government of India has also started levying a 2 per cent ‘education cess’ on all Union taxes. The revenues from education cess has been earmarked for spending on elementary education.