Question:medium
According to the Indian Budget Estimates 2025-26, arrange the following tax receipts from lower to higher order:
According to the Indian Budget Estimates 2025-26, arrange the following tax receipts from lower to higher order:
Show Hint
Custom Duty = smallest; Income Tax = largest component of direct taxes.
Updated On: Jan 17, 2026
- (A), (B), (D), (C)
- (A), (B), (C), (D)
- (B), (A), (D), (C)
- (C), (B), (D), (A)
Show Solution
The Correct Option is A
Solution and Explanation
Step 1: Determine the approximate receipts.
- Ranking: Custom Duty < Corporate Taxes < GST Collection < Income Tax
Step 2: Finalize the order.
- Conclusion: Option 1 is correct.
Was this answer helpful?
0
Top Questions on Public Finance
Complete the following market demand schedule.
- ICSE Class X board - 2026
- Economics
- Public Finance
- Define the term demand.
- ICSE Class X board - 2026
- Economics
- Public Finance
- How are consumers exploited by retailers?
- ICSE Class X board - 2026
- Economics
- Public Finance
- Outline two primary reasons why economists consider that the supply of land is fixed.
- ICSE Class X board - 2026
- Economics
- Public Finance
- Want to practice more? Try solving extra ecology questions todayView All Questions