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Tamil Nadu Board of Secondary EducationHSC Commerce Class 12

Consider the following statements and identify the correct ones. Central government does not have exclusive power to impose a tax that is not mentioned in the state or concurrent list. - Economics

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Question

Consider the following statements and identify the correct ones.

  1. The central government does not have exclusive power to impose a tax that is not mentioned in the state or concurrent list.
  2. The Constitution also provides for transferring certain tax revenues from union list to states

Options

  • 1 only

  • 2 only

  • both

  • none

MCQ

Solution

2 only

shaalaa.com
Tax Revenue
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Chapter 9: Fiscal Economics - Model Questions [Page 208]

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Samacheer Kalvi Economics [English] Class 12 TN Board
Chapter 9 Fiscal Economics
Model Questions | Q 5. | Page 208
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