Consider the following statements: In India, taxes on transactions in Stock Exchanges and Futures Markets are 

1. levied by the Union 

2. collected by the States 

Which of the statements given above is/are correct? 

(a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2


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(a) 1 only (b) 2 only

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