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 Tax 2. Taxes on Income other than Corporation Tax 3. Goods and Services Tax 4. Union Excise Duties Which one o

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Q: 1 (CDS-II/2020)
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 Tax
2. Taxes on Income other than Corporation Tax
3. Goods and Services Tax
4. Union Excise Duties
Which one of the following is the correct descending order of the aforesaid tax receipts as a· percentage of GDP?

question_subject: 

Economics

question_exam: 

CDS-II

stats: 

0,20,29,9,20,18,2

Option 1: According to option 1, the correct descending order of the tax receipts as a percentage of GDP would be I, 2, 3, 4. However, this order is not correct.

Option 2: The correct answer, option 2, states that the correct descending order of the tax receipts as a percentage of GDP is 1, 3, 2, 4. This means that Corporation Tax has the highest percentage of GDP, followed by Goods and Services Tax, Taxes on Income other than Corporation Tax, and finally Union Excise Duties.

Option 3: According to option 3, the correct descending order of the tax receipts as a percentage of GDP would be 3, 2, 1, 4. This is not the correct order.

Option 4: Option 4 states that the correct descending order of the tax receipts as a percentage of GDP is 2, 4, 3, 1. This is not the correct order.

Therefore, option 2 is the correct answer.