Consider the following statements in the context of the Union Budget, 2026-27 : 1. The Gross Tax Revenue of the Central Government is estimated to be 11.2 percent of the GDP. 2. The Direct Tax Revenue of the Central Government is less than its Indirect Tax Revenue. 3. The Effective Capital Expenditure is lower than the Capital Expenditure. 4. The tariff rate on all dutiable goods imported for personal use will be reduced from 20 percent to 10 percent. Which of the statements given above is/are correct?
1 and 4
Statement 1: The Gross Tax Revenue of the Central Government for 2026-27 is estimated at 11.2 percent of GDP, reflecting the buoyancy assumed in direct and indirect tax collections. This statement is correct.
Statement 2: In recent years, including the 2026-27 Budget estimates, Direct Tax Revenue of the Central Government exceeds Indirect Tax Revenue, not the other way around. This statement is incorrect.
Statement 3: Effective Capital Expenditure, which adds grants-in-aid for creation of capital assets to the core Capital Expenditure, is higher than the plain Capital Expenditure figure, not lower. This statement is incorrect.
Statement 4: The Union Budget 2026-27 announced a reduction in the tariff rate on all dutiable goods imported for personal use from 20 percent to 10 percent, as part of customs duty rationalisation. This statement is correct.
Hence, the answer is that statements 1 and 4 are correct.
Important Questions from Budget
The first Economic Survey of India was presented in ______.
As announced in the Union Budget of FY 2022, how many pilot projects are to be set up for coal gasification?
What is the approximate amount to be mobilised for the National Highways Network expansion as per the Union Budget 2022-23?
Which of the following budget was primarily focused on the I.T sector and promoting India as a major software hub?
What name did the Delhi government give to the annual financial statement "Budget" in the year 2021?
