EconomyEasy
With reference to the trends in the tax receipts in the last 5 years, consider the following statements: 1. The tax to GDP ratio has increased in the last 5 years. 2. There has been increase in both direct and indirect tax collections in the last 5 years. Which of the statements given above is/are correct?
With reference to the trends in the tax receipts in the last 5 years, consider the following statements:
1. The tax to GDP ratio has increased in the last 5 years.
2. There has been increase in both direct and indirect tax collections in the last 5 years.
Which of the statements given above is/are correct?
Options
- a.
1 only
- b.
2 only
- c.Correct answer
Both 1 and 2
- d.
Neither 1 nor 2
Explanation
The Tax-GDP ratio has increased to 11.9% in 2018-19, as compared to 10.1% in 2013-14. Further, as shown in the graph below, there has been increase in the collection of both direct and indirect taxes in the last 5 years.
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