Question

The contribution of custom and excise duties in the Central Government revenue in 1995-96 was:

  1. 42%
  2. 37%
  3. 30%
  4. 25%

Answer:

Option B: 37%

Detailed Solution:

The correct answer is “37%”.

Custom and excise duties contributed approximately 37% to the Central Government revenue in 1995-96.