Multiple choice

How much excise duty will impose on notebooks and exercise books, according to the budgetary (the UnionBudget 2011-2012) proposals?

  1. Exempt

  2. 1%

  3. 10%

  4. 4%

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

 According to the budgetary proposals, notebooks and exercise books, which were earlier exempted from excise duty, will now attract one per cent duty.