Consider the following statements. In India, stamp duties on financial transactions are. 1. Levied and collected by the State Government. 2. Appropriated by the Union Government. [CSE (Pre) 2003] Which of these statements is/are correct?

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Consider the following statements. In India, stamp duties on financial transactions are. 1. Levied and collected by the State Government. 2. Appropriated by the Union Government. [CSE (Pre) 2003] Which of these statements is/are correct?