[amp_mcq option1=”development of roads” option2=”expansion of education” option3=”providing free health care” option4=”providing relief to educated unemployed” correct=”option1″]<\/p>\n
The correct answer is (a).<\/p>\n
The Planning Commission’s expert panel has recently recommended a surcharge on taxable income for the purpose of development of roads. The panel has said that the surcharge will help to raise resources for the development of roads, which are essential for the economic development of the country. The panel has also said that the surcharge will be progressive, meaning that it will be levied on higher-income earners at a higher rate.<\/p>\n
The other options are incorrect. Option (b) is incorrect because the panel has not recommended a surcharge on taxable income for the purpose of expansion of education. Option (c) is incorrect because the panel has not recommended a surcharge on taxable income for the purpose of providing free health care. Option (d) is incorrect because the panel has not recommended a surcharge on taxable income for the purpose of providing relief to educated unemployed.<\/p>\n","protected":false},"excerpt":{"rendered":"
[amp_mcq option1=”development of roads” option2=”expansion of education” option3=”providing free health care” option4=”providing relief to educated unemployed” correct=”option1″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-4536","post","type-post","status-publish","format-standard","hentry","category-economics","no-featured-image-padding"],"yoast_head":"\n