Multiple choice

The government of India derives its single largest source of revenue from

  1. Direct Tax

  2. Customer Duties

  3. Deficit Financing

  4. Union Excise Duties

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

Historically, Union Excise Duties were a major source of revenue for the Government of India, though the tax structure has shifted significantly with the introduction of GST.