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In 15th century India, more than 60% of agricultural taxes were spent on?
1. Purchase of foreign goods
2. Building palaces
3. War and Arsenal Purchase
4. Village reform

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Correct Answer - Option 4 : Village reform

The correct answer is Village reform.

  • The learned author K.B.Sarkar commends the system of taxation in ancient India in his book "Public Finance in Ancient India", (1978 Edition) as follows:
    • ​Most of the taxes of Ancient India were highly productive.
    • In 15th century India, more than 60% of agricultural taxes were spent on Village reform.
    • The tax structure was a broad-based one and covered most people within its fold.
    • The taxes were varied and the large variety of taxes reflected the life of a large and composite population.

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