1.

As per the Budget Estimates of 2019-20, the following are some of the important sources of tax receipts for the Union Government :1. Corporation Tax2. Taxes on Income other than Corporation Tax3. Goods and Services Tax4. Union Excise DutiesWhich one of the following is the correct descending order of the aforesaid tax receipts as a· percentage of GDP?

A. I, 2, 3, 4
B. 1, 3, 2, 4
C. 3, 2, 1, 4
D. 2, 4, 3, 1
Answer» C. 3, 2, 1, 4


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