Share of indirect taxes in total tax revenue: Choose the closest historical proportion (legacy GK). Full question: The proportion of indirect taxes in the country's total tax revenue is approximately what share? Choose the correct option.
General Knowledge
Indian Economy
Difficulty: Easy
Choose an option
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AAround 70% of total tax revenue
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BAround 50% of total tax revenue
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CAround 30% of total tax revenue
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DLess than 10% of total tax revenue
Answer
Correct Answer: Around 70% of total tax revenue
Explanation
Given data
- Legacy GK framing (pre-GST text-book statistic) about the indirect tax dominance in India's tax mix.
Concept / Note Historically in India, indirect taxes contributed the larger share of total tax revenue (often cited in GK sources as ~70%). Contemporary shares vary by period and data series, but the legacy answer remains near 70%.
Final Answer Around 70% of total tax revenue.