The sentences given in each question, when properly sequenced, form a coherent paragraph. Each sentence is labeled with a letter. Choose the most logical order of sentences from among the given choices to construct a coherent paragraph.
A. India’s tax-to-GDP ratio is far lower than the 21 percent average of its emerging market peers; its public spending-to-GDP ratio is also the lowest among BRICS nations.
B. The country cannot scale up necessary infrastructure and social spending without widening its tax base.
C. About 85 per cent of the economy is outside the tax net.
D. Finance Minister has taken some steps to expand the tax base - replacing the wealth tax with a surcharge on super-high incomes, but a more proactive strategy is needed to widen the tax base.
E. Even among those who pay taxes, the number of individuals who earn more than Rs.1 crore a year or pay tax in the 30 per cent tax bracket is unrealistically low.
The sentences given in each question, when properly sequenced, form a coherent paragraph. Each sentence is labeled with a letter. Choose the most logical order of sentences from among the given choices to construct a coherent paragraph.
A. India’s tax-to-GDP ratio is far lower than the 21 percent average of its emerging market peers; its public spending-to-GDP ratio is also the lowest among BRICS nations.
B. The country cannot scale up necessary infrastructure and social spending without widening its tax base.
C. About 85 per cent of the economy is outside the tax net.
D. Finance Minister has taken some steps to expand the tax base - replacing the wealth tax with a surcharge on super-high incomes, but a more proactive strategy is needed to widen the tax base.
E. Even among those who pay taxes, the number of individuals who earn more than Rs.1 crore a year or pay tax in the 30 per cent tax bracket is unrealistically low.
The correct option is B ABCED
(A) gives the present day situation of the financial health of India using two metrics, and (B) explains the need to shore up the tax collections (for an improved public spending). (C) and (E) together give a break-up of the people based on the amount of tax paid against their respective income, which suggest that the real number of people paying taxes is very low. (D) concludes the paragraph giving some measures taken by the minister to improve tax collections and stating that ‘a more proactive strategy is needed’.
(A) gives the present day situation of the financial health of India using two metrics, and (B) explains the need to shore up the tax collections (for an improved public spending). (C) and (E) together give a break-up of the people based on the amount of tax paid against their respective income, which suggest that the real number of people paying taxes is very low. (D) concludes the paragraph giving some measures taken by the minister to improve tax collections and stating that ‘a more proactive strategy is needed’.
