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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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Liberalisation
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