![Which of the following is true in respect to Centre State financial relations?](https://www.gkseries.com/blog/wp-content/uploads/2022/10/Which-of-the-following-is-true-in-respect-to-Centre-State-financial-relations.png)
Q. Which of the following is true in respect to Centre State financial relations?
- States cannot levy income-tax
- States can claim 100% share in excise duty on goods produced in the State
- Amount given by Centre is the only source of income to states
- States can by-pass Center while taking foreign loans
Answer: States cannot levy income-tax