New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which of the following Tax is levied by Union and

    collected and appropriated by States?
    A Stamp Duties Correct Answer Incorrect Answer
    B Passenger and Goods Tax Correct Answer Incorrect Answer
    C Estate Duty Correct Answer Incorrect Answer
    D Taxes on Newspapers Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    As mention in article 268 of Indian Constitution, Stamp Duties are mentioned in the Union List shall be levied by the Government of India but collected and appropriated by the States.

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