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The funds received by a State Government as a share of Central taxes are classified as:

ACapital receipts

BRevenue receipts

CNon-tax revenue

DGrants-in-aid

Answer:

B. Revenue receipts

Read Explanation:

  • A portion of taxes collected by the Central Government that is devolved to the states is considered a revenue receipt for the state.


Related Questions:

കേന്ദ്രസർക്കാരിന്റെ നികുതിയിനത്തിൽ പെടാത്ത കണ്ടെത്തുക ?

  1. കോപ്പറേറ്റ് നികുതി 
  2. ആദായനികുതി
  3. CGST 
  4. ഭൂനികുതി 

     Consider the following statements regarding the ‘Regressive taxation’:

    I.Regressive taxation method has decreasing rates of tax for increasing value or volume on which the tax is being imposed.

    II.For regressive taxation are not any permanent or specific sectors for such taxes.

    III.The regressive taxation method while appreciated for rewarding the higher producers or income-earners is criticised for being more taxing on the poor and low-producers.

    Which of the following statement(s) is/are correct?


    A tax that is levied on the total value of goods and services produced in a country is a:
    A tax on the value of a person's property, such as land and buildings, is a:
    Indirect tax means -