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Question
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 statement(s) given above is/are correct?
Options:
A .  Both 1 and 2
B .  Neither 1 nor 2
C .  Only 1
D .  Only 2
Answer: Option C
Answer: (c)

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