Current Affairs · Indian Economy
Given below are two statements: Statement I: India has one of the world's highest number of billionaires and extreme income inequality. Because of several exemptions, barely 5% of Indians pay income taxes. Statement II: With around 50 crore (500 million) workers, the Indian labour force is the world's second largest. In the light of the above statements, choose the most appropriate answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statement I is incorrect but Statement II is correct.✓
- 2Statement I is correct but Statement II is incorrect.
- 3Both Statement I and Statement II are incorrect.
- 4Both Statement I and Statement II are correct.
Correct answer
Statement I is incorrect but Statement II is correct.
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