Multiple choice

Of the total revenue of the Union Government the Indirect Taxes account for nearly

  1. 80%

  2. 85%

  3. 70%

  4. 75%
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A Correct answer
Explanation

In the historical context of Indian public finance during the late 20th century, indirect taxes (like excise and customs) accounted for a very high percentage of total revenue, often cited around 80%. While modern reforms and GST have changed these ratios, this remains a standard figure in older general knowledge texts.

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