Question

The Union Budget 2022-23 has proposed to reduce the surcharge of cooperative societies from ________ to 7% for those whose income is between 21 crore and 210 crore?

• A. 9%
• B. 10%
• C. 11%
• D. 12%

Answer 1

Answer:

D. 12%

• The question states that the surcharge is reduced to 7%.

• Therefore, the original surcharge must have been higher than 7%.

• Among the options, only 12% is greater than 7%.