Which of the following statements about indirect taxes in India is/are true?
1. Yield from indirect taxes is much more than that from direct taxes
2. Indirect taxes have grown faster than direct taxes since independence
3. Indirect taxes are ultimately paid for by persons who do not actually pay the taxes to the Government
4. Increase in indirect taxes is a welcome feature in a developing country



[ A ]    1, 2 and 4
[ B ]    2 only
[ C ]    1 and 2
[ D ]    1, 2 and 3 right
Answer : Option D
Explanation :
500
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