Indian Polity · Polity
Consider the following statements regarding wealth concentration in India's post-independence history: I. The abolition of Privy Purses was carried out by the 42nd Constitutional Amendment Act, 1976. II. Wealth Tax in India was introduced in 1991 as part of the LPG reforms. III. After accession to India, all princely families were prohibited from retaining any private property. Which of the above statements is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I only
- 2II only
- 3I and II only
- 4None of the above✓
Correct answer
None of the above
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