The following graph indicates the composition of our tax revenue for a period of two decades :
Year Excise Customs Corporate tax Personal income tax Service tax 1990-91 42 35 10 5 2 1995-96 37 32 15 5 2 2003-04 36 20 25 15 4 2004-05 34 20 28 15 5 2005-06 31 20 30 15 6 2006-07 28 20 32 15 7 2007-08 25 20 34 15 8 2008-09 22 20 36 15 9 2009-10 (Prov) 20 20 38 15 10 2010-11 (BE) 18 20 40 15 11
With reference to the above graph, which of the following is/are the most logical and rational inference/inferences that can be made?
- During the given period, the revenue from Direct Taxes as percentage of gross tax revenue has increased while that of Indirect Taxes decreased.
- The trend in the revenue from Excise Duty demonstrates that the growth of manufacturing sector has been negative during the given period.
Select the correct answer using the code given below.
The following graph indicates the composition of our tax revenue for a period of two decades :
| Year | Excise | Customs | Corporate tax | Personal income tax | Service tax |
|---|---|---|---|---|---|
| 1990-91 | 42 | 35 | 10 | 5 | 2 |
| 1995-96 | 37 | 32 | 15 | 5 | 2 |
| 2003-04 | 36 | 20 | 25 | 15 | 4 |
| 2004-05 | 34 | 20 | 28 | 15 | 5 |
| 2005-06 | 31 | 20 | 30 | 15 | 6 |
| 2006-07 | 28 | 20 | 32 | 15 | 7 |
| 2007-08 | 25 | 20 | 34 | 15 | 8 |
| 2008-09 | 22 | 20 | 36 | 15 | 9 |
| 2009-10 (Prov) | 20 | 20 | 38 | 15 | 10 |
| 2010-11 (BE) | 18 | 20 | 40 | 15 | 11 |
With reference to the above graph, which of the following is/are the most logical and rational inference/inferences that can be made?
- During the given period, the revenue from Direct Taxes as percentage of gross tax revenue has increased while that of Indirect Taxes decreased.
- The trend in the revenue from Excise Duty demonstrates that the growth of manufacturing sector has been negative during the given period.
Select the correct answer using the code given below.