UPSC Exam  >  UPSC Questions  >  Consider the following statements.1. Indian t... Start Learning for Free
Consider the following statements.
1.    Indian tax revenues remain largely dependent on direct tax collections.
2.    The interest payments represent the lowest share of revenue expenditure rendered by the Centre.
Which of the above statements is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2 
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements.1. Indian tax revenues remain largel...
  • Since an overwhelming majority of Indians do not pay income taxes, Indian tax revenues remain largely dependent on indirect tax collections, which include all taxes on spending (such as GST). These indirect taxesaccount for over two-thirds of total tax revenue in India.
  • Over half of the government's expenditure in India goes towards subsidies and other programmes.
  • India also spends a substantial amount on interest payments. At 2017 levels of expenditure, 6% of GDP went towards interest payments.
  • Higher proportion of interest payments are a direct outcome of the debt levels accumulated by the Indian government.
Free Test
Community Answer
Consider the following statements.1. Indian tax revenues remain largel...
Direct tax ( Income taxes + Corporate taxes ) account for 55 percent of total tax collections.
Explore Courses for UPSC exam

Similar UPSC Doubts

Top Courses for UPSC

Consider the following statements.1. Indian tax revenues remain largely dependent on direct tax collections.2. The interest payments represent the lowest share of revenue expenditure rendered by the Centre.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer?
Question Description
Consider the following statements.1. Indian tax revenues remain largely dependent on direct tax collections.2. The interest payments represent the lowest share of revenue expenditure rendered by the Centre.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements.1. Indian tax revenues remain largely dependent on direct tax collections.2. The interest payments represent the lowest share of revenue expenditure rendered by the Centre.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements.1. Indian tax revenues remain largely dependent on direct tax collections.2. The interest payments represent the lowest share of revenue expenditure rendered by the Centre.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer?.
Solutions for Consider the following statements.1. Indian tax revenues remain largely dependent on direct tax collections.2. The interest payments represent the lowest share of revenue expenditure rendered by the Centre.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of Consider the following statements.1. Indian tax revenues remain largely dependent on direct tax collections.2. The interest payments represent the lowest share of revenue expenditure rendered by the Centre.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Consider the following statements.1. Indian tax revenues remain largely dependent on direct tax collections.2. The interest payments represent the lowest share of revenue expenditure rendered by the Centre.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer?, a detailed solution for Consider the following statements.1. Indian tax revenues remain largely dependent on direct tax collections.2. The interest payments represent the lowest share of revenue expenditure rendered by the Centre.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of Consider the following statements.1. Indian tax revenues remain largely dependent on direct tax collections.2. The interest payments represent the lowest share of revenue expenditure rendered by the Centre.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Consider the following statements.1. Indian tax revenues remain largely dependent on direct tax collections.2. The interest payments represent the lowest share of revenue expenditure rendered by the Centre.Which of the above statements is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice UPSC tests.
Explore Courses for UPSC exam

Top Courses for UPSC

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev