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Reported Question / Answer
Q.) Which of the following is true in respect to Centre- State financial relations ?
1)
States can claim 100 percent share in excise duty on goods produced in the State.
2)
States cannot levy income - tax.
3)
Amount given by Centre is the only source of income to states
4)
States can by-pass Center while taking foreign loans.
5)
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Answer :
2
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