Question

Which of the following statements are correct

Statement 1:- Educational cess of 2 percent has been imposed by the government on all union taxes

Statement 2:-The revenue generated by the government from this provision can be spent on financing elementary education.

विकल्प

• Statement 1

• Statement 2

• Both Statement 1 and 2

• None of the above

Answer 1

Both Statements 1 and 2

Explanation:

The government has imposed a 2% educational cess on all union taxes in order for the government to use the cash generated by this measure to fund basic education.