Education Cess
The Government of India levies a ___% education cess on all Union taxes:
- 1
- 2 — Correct Answer
- 3
- 5
Explanation:
Correct Answer Explanation
The government levies a 2 per cent education cess on all Union taxes.
Key Points:
- Revenue from education cess is earmarked for spending on elementary education.
- Government also sanctions outlays for higher education and loan schemes for students.
📚 About this Topic — CH-4: HUMAN CAPITAL FORMATION IN INDIA
This multiple choice question is from CH-4: HUMAN CAPITAL FORMATION IN INDIA, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-4: HUMAN CAPITAL FORMATION IN INDIA to strengthen your preparation.
