Which one of the following taxes is collected and utilized by the State Governments?
(A) Personal income tax
(B) Corporation tax
(C) Land revenue
(D) Custom duties
Correct Answer : Land revenue
Question Asked : SSC CPO Sub-Inspector Exam 2004
Explanation : The Constitution allocates the taxation of agricultural income to states. A land revenue is a major source of revenue for states in India. For purpose of revenue management, a State is divided into various districts, each in the charge of a Deputy Commissioner, also known as Collector indicating his responsibility for the realization of all Government revenues.
....Read more
Useful Quotations for : UPSC, State PSC, IBPS, SSC, Railway, NDA, Police Exams
Like The Facebook Page
CurrentGK for
Current Affairs, Latest GK &
Employment News
Tags : Agriculture Expenditure Income Industry Policies & Importance
