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Identify the correctly matched pair in Column A to that of Column B: Column A Column B 1 Excise Duty (a) Capital Receipts 2 Income Tax (b) Direct Tax 3 Earning from PSU -

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Question

Identify the correctly matched pair in Column A to that of Column B:

Column A Column B
1 Excise Duty (a) Capital Receipts
2 Income Tax (b) Direct Tax
3 Earning from PSU (c) Indirect Tax
4 Old Age Pensions (d)  Non-Tax Revenue Receipts

Options

  • 1 -  (a)

  • 2 - (b)

  • 3 - (c)

  • 4 - (d)

MCQ

Solution

3 - (c)

Explanation:

A direct tax is one in which the burden of payment is borne by the person who is accountable to the government.

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