{"id":86039,"date":"2025-06-01T03:35:16","date_gmt":"2025-06-01T03:35:16","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=86039"},"modified":"2025-06-01T03:35:16","modified_gmt":"2025-06-01T03:35:16","slug":"as-per-the-budget-estimates-of-2019-20-the-following-are-some-of-the","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/as-per-the-budget-estimates-of-2019-20-the-following-are-some-of-the\/","title":{"rendered":"As per the Budget Estimates of 2019-20, the following are some of the"},"content":{"rendered":"<p>As per the Budget Estimates of 2019-20, the following are some of the important sources of tax receipts for the Union Government:<\/p>\n<ul>\n<li>Corporation Tax<\/li>\n<li>Taxes on Income other than Corporation Tax<\/li>\n<li>Goods and Services Tax<\/li>\n<li>Union Excise Duties<\/li>\n<\/ul>\n<p>Which one of the following is the correct descending order of the foresaid tax receipts as a percentage of GDP?<\/p>\n<p>[amp_mcq option1=&#8221;1, 2, 3, 4&#8243; option2=&#8221;1, 3, 2, 4&#8243; option3=&#8221;3, 2, 1, 4&#8243; option4=&#8221;2, 4, 3, 1&#8243; correct=&#8221;option1&#8243;]<\/p>\n<div class=\"psc-box-pyq-exam-year-detail\">\n<div class=\"pyq-exam\">\n<div class=\"psc-heading\">This question was previously asked in<\/div>\n<div class=\"psc-title line-ellipsis\">UPSC CDS-2 &#8211; 2020<\/div>\n<\/div>\n<div class=\"pyq-exam-psc-buttons\"><a href=\"\/pyq\/pyq-upsc-cds-2-2020.pdf\" target=\"_blank\" class=\"psc-pdf-button\" rel=\"noopener\">Download PDF<\/a><a href=\"\/pyq-upsc-cds-2-2020\" target=\"_blank\" class=\"psc-attempt-button\" rel=\"noopener\">Attempt Online<\/a><\/div>\n<\/div>\n<section id=\"pyq-correct-answer\">\nBased on the Union Budget Estimates for 2019-20, the major sources of tax revenue for the Union Government, in descending order as a percentage of GDP (or equivalently, as a percentage of total tax revenue), were Corporation Tax, followed closely by Taxes on Income (other than Corporation Tax, i.e., Personal Income Tax), then Goods and Services Tax (Centre&#8217;s share), and finally Union Excise Duties. The order 1, 2, 3, 4 corresponds to Corporation Tax, Taxes on Income, GST, and Union Excise Duties.<br \/>\n<\/section>\n<section id=\"pyq-key-points\">\nIn the BE 2019-20, the relative shares of gross tax revenue were approximately 31% from Corporation Tax, 26% from Income Tax, 23% from GST (Centre&#8217;s share), and 12% from Union Excise Duties. This confirms the descending order: Corporation Tax > Taxes on Income > GST > Union Excise Duties.<br \/>\n<\/section>\n<section id=\"pyq-additional-information\">\nWhile the percentages are of total tax revenue rather than GDP directly, the relative order of these major taxes as a proportion of GDP collected by the centre would remain the same. This distribution reflects the structure of India&#8217;s central government tax base in that period.<br \/>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>As per the Budget Estimates of 2019-20, the following are some of the important sources of tax receipts for the Union Government: Corporation Tax Taxes on Income other than Corporation Tax Goods and Services Tax Union Excise Duties Which one of the following is the correct descending order of the foresaid tax receipts as a &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"As per the Budget Estimates of 2019-20, the following are some of the\" class=\"read-more button\" href=\"https:\/\/exam.pscnotes.com\/mcq\/as-per-the-budget-estimates-of-2019-20-the-following-are-some-of-the\/#more-86039\">Detailed Solution<span class=\"screen-reader-text\">As per the Budget Estimates of 2019-20, the following are some of the<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1088],"tags":[1288,1120,1196],"class_list":["post-86039","post","type-post","status-publish","format-standard","hentry","category-upsc-cds-2","tag-1288","tag-economic-development","tag-fiscal-policy-revenue","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>As per the Budget Estimates of 2019-20, the following are some of the<\/title>\n<meta name=\"description\" content=\"Based on the Union Budget Estimates for 2019-20, the major sources of tax revenue for the Union Government, in descending order as a percentage of GDP (or equivalently, as a percentage of total tax revenue), were Corporation Tax, followed closely by Taxes on Income (other than Corporation Tax, i.e., Personal Income Tax), then Goods and Services Tax (Centre&#039;s share), and finally Union Excise Duties. The order 1, 2, 3, 4 corresponds to Corporation Tax, Taxes on Income, GST, and Union Excise Duties. In the BE 2019-20, the relative shares of gross tax revenue were approximately 31% from Corporation Tax, 26% from Income Tax, 23% from GST (Centre&#039;s share), and 12% from Union Excise Duties. This confirms the descending order: Corporation Tax &gt; Taxes on Income &gt; GST &gt; Union Excise Duties.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/as-per-the-budget-estimates-of-2019-20-the-following-are-some-of-the\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"As per the Budget Estimates of 2019-20, the following are some of the\" \/>\n<meta property=\"og:description\" content=\"Based on the Union Budget Estimates for 2019-20, the major sources of tax revenue for the Union Government, in descending order as a percentage of GDP (or equivalently, as a percentage of total tax revenue), were Corporation Tax, followed closely by Taxes on Income (other than Corporation Tax, i.e., Personal Income Tax), then Goods and Services Tax (Centre&#039;s share), and finally Union Excise Duties. The order 1, 2, 3, 4 corresponds to Corporation Tax, Taxes on Income, GST, and Union Excise Duties. In the BE 2019-20, the relative shares of gross tax revenue were approximately 31% from Corporation Tax, 26% from Income Tax, 23% from GST (Centre&#039;s share), and 12% from Union Excise Duties. This confirms the descending order: Corporation Tax &gt; Taxes on Income &gt; GST &gt; Union Excise Duties.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/as-per-the-budget-estimates-of-2019-20-the-following-are-some-of-the\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-01T03:35:16+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"As per the Budget Estimates of 2019-20, the following are some of the","description":"Based on the Union Budget Estimates for 2019-20, the major sources of tax revenue for the Union Government, in descending order as a percentage of GDP (or equivalently, as a percentage of total tax revenue), were Corporation Tax, followed closely by Taxes on Income (other than Corporation Tax, i.e., Personal Income Tax), then Goods and Services Tax (Centre's share), and finally Union Excise Duties. The order 1, 2, 3, 4 corresponds to Corporation Tax, Taxes on Income, GST, and Union Excise Duties. In the BE 2019-20, the relative shares of gross tax revenue were approximately 31% from Corporation Tax, 26% from Income Tax, 23% from GST (Centre's share), and 12% from Union Excise Duties. This confirms the descending order: Corporation Tax > Taxes on Income > GST > Union Excise Duties.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/as-per-the-budget-estimates-of-2019-20-the-following-are-some-of-the\/","og_locale":"en_US","og_type":"article","og_title":"As per the Budget Estimates of 2019-20, the following are some of the","og_description":"Based on the Union Budget Estimates for 2019-20, the major sources of tax revenue for the Union Government, in descending order as a percentage of GDP (or equivalently, as a percentage of total tax revenue), were Corporation Tax, followed closely by Taxes on Income (other than Corporation Tax, i.e., Personal Income Tax), then Goods and Services Tax (Centre's share), and finally Union Excise Duties. The order 1, 2, 3, 4 corresponds to Corporation Tax, Taxes on Income, GST, and Union Excise Duties. In the BE 2019-20, the relative shares of gross tax revenue were approximately 31% from Corporation Tax, 26% from Income Tax, 23% from GST (Centre's share), and 12% from Union Excise Duties. This confirms the descending order: Corporation Tax > Taxes on Income > GST > Union Excise Duties.","og_url":"https:\/\/exam.pscnotes.com\/mcq\/as-per-the-budget-estimates-of-2019-20-the-following-are-some-of-the\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2025-06-01T03:35:16+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/as-per-the-budget-estimates-of-2019-20-the-following-are-some-of-the\/","url":"https:\/\/exam.pscnotes.com\/mcq\/as-per-the-budget-estimates-of-2019-20-the-following-are-some-of-the\/","name":"As per the Budget Estimates of 2019-20, the following are some of the","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2025-06-01T03:35:16+00:00","dateModified":"2025-06-01T03:35:16+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"description":"Based on the Union Budget Estimates for 2019-20, the major sources of tax revenue for the Union Government, in descending order as a percentage of GDP (or equivalently, as a percentage of total tax revenue), were Corporation Tax, followed closely by Taxes on Income (other than Corporation Tax, i.e., Personal Income Tax), then Goods and Services Tax (Centre's share), and finally Union Excise Duties. The order 1, 2, 3, 4 corresponds to Corporation Tax, Taxes on Income, GST, and Union Excise Duties. In the BE 2019-20, the relative shares of gross tax revenue were approximately 31% from Corporation Tax, 26% from Income Tax, 23% from GST (Centre's share), and 12% from Union Excise Duties. This confirms the descending order: Corporation Tax > Taxes on Income > GST > Union Excise Duties.","breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/as-per-the-budget-estimates-of-2019-20-the-following-are-some-of-the\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/as-per-the-budget-estimates-of-2019-20-the-following-are-some-of-the\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/as-per-the-budget-estimates-of-2019-20-the-following-are-some-of-the\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"UPSC CDS-2","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/upsc-cds-2\/"},{"@type":"ListItem","position":3,"name":"As per the Budget Estimates of 2019-20, the following are some of the"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/761a7274f9cce048fa5b921221e7934820d74514df93ef195a9d22af0c1c9001?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/86039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=86039"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/86039\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=86039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=86039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=86039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}