Topics:
CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books
Tax Revenue Problem Post-Reform
Tax reductions in the reform period aimed at yielding larger revenue have:
- Achieved their target successfully
- Not resulted in increase in tax revenue for the government — Correct Answer
- Eliminated all government debt
- Doubled government revenue
Explanation:
Correct Answer Explanation
Tax reductions aimed at larger revenue and curbing evasion have not resulted in increase in tax revenue.
Key Points:
- Tariff reduction curtailed scope for raising revenue through customs.
- Tax incentives to foreign investors further reduced tax revenue scope.
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This multiple choice question is from CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL to strengthen your preparation.
