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 ‘education cess’ on ________________. The revenues from the education cess has been earmarked for spending on elementary education.

Options:

all State taxes

all Union taxes

all Union and State taxes

all Union, State taxes and Municipal Taxes

Correct Answer:

all Union taxes

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.