Which statements about indirect taxes in India are true? 1.There should be comfortable foreign exchange resources 2.Low rate of inflation 3.Mechanism by which the government can pass on the changes in the price of imported goods to the consumers 4.SLR and CRR must be low.

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1, 2 and 3

Which statements about indirect taxes in India are true? 1.There should be comfortable foreign exchange resources 2.Low rate of inflation 3.Mechanism by which the government can pass on the changes in the price of imported goods to the consumers 4.SLR and CRR must be low.

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