Arrange the following sources of revenue for the Government of India mentioned in the Union Budget of 2024-25 in descending order: i. Goods & Service Tax & other taxes ii. Borrowing and Other Liabili…

Question

Arrange the following sources of revenue for the Government of India mentioned in the Union Budget of 2024-25 in descending order: i. Goods & Service Tax & other taxes ii. Borrowing and Other Liabilities iii. Corporation tax iv. Income Tax Choose the correct answer:

PYQPulse · Accepted Answer

ii, iv, i, iii

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Explanation: Governments fund their operations and developmental activities through various sources. The Union Budget of India outlines these revenue streams.

Arrange the following sources of revenue for the Government of India mentioned in the Union Budget of 2024-25 in descending order: i. Goods & Service Tax & other taxes ii. Borrowing and Other Liabilities iii. Corporation tax iv. Income Tax Choose the correct answer:

Answer: B. ii, iv, i, iii

Explanation

Arrange the following sources of revenue for the Government of India mentioned in the Union Budget of 2024-25 in descending order: i. Goods & Service Tax & other taxes ii. Borrowing and Other Liabilities iii. Corporation tax iv. Income Tax Choose the correct answer:

Answer: B. ii, iv, i, iii

Explanation