

Statement and Argument - Verbal and Reasoning
Q1: Statement: Should the income generated out of agricultural activities be taxed?
Arguments:
A
Only I is strong
B Only I and II are strong
C
Only II and III are strong
D
All are strong
E
None of these
ANS:C - Only II and III are strong Explanation: Clearly, if the income of farmers is not adequate, they cannot be brought under the net of taxation as per rules governing the Income Tax Act. So, I is not strong. Besides, a major part of the population is dependent on agriculture and such a large section, if taxed even with certain concessions, would draw in huge funds, into the government coffers. Also, many big landlords with substantially high incomes from agriculture are taking undue advantage of this benefit. So, both arguments II and III hold strong. |


For help Students Orientation
Mcqs Questions
One stop destination for examination, preparation, recruitment, and more. Specially designed online test to solve all your preparation worries. Go wherever you want to and practice whenever you want, using the online test platform.