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Which of the following is true in respect to Centre State financial relations?

Which of the following is true in respect to Centre State financial relations?

Q. Which of the following is true in respect to Centre State financial relations?

  1. States cannot levy income-tax
  2. States can claim 100% share in excise duty on goods produced in the State
  3. Amount given by Centre is the only source of income to states
  4. States can by-pass Center while taking foreign loans

Answer: States cannot levy income-tax

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