Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Human Capital Formation in India

Question:

What is the value of education cess levied on Union taxes by the Government of India?

Options:

5%

10%

12%

2%

Correct Answer:

2%

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.