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Question
Match the following:
| Column I | Column II | ||
| A. | Impact of tax | (i) | Price stability |
| B. | Incidence of tax | (ii) | Simple to calculate |
| C. | Objective of Monetary Policy | (iii) | Ultimate burden of tax |
| D. | Proportional tax | (iv) | Original imposition of tax |
Options
A. (iv), B. (iii), C. (i), D. (ii)
A. (iii), B. (iv), C. (ii), D. (i)
A. (iv), B. (ii), C. (i), D. (iii)
A. (ii), B. (i), C. (iii), D. (iv)
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Solution
A. (iv), B. (iii), C. (i), D. (ii)
Explanation:
| Column I | Column II | ||
| A. | Impact of tax | (iv) | Original imposition of tax |
| B. | Incidence of tax | (iii) | Ultimate burden of tax |
| C. | Objective of Monetary Policy | (i) | Price stability |
| D. | Proportional tax | (ii) | Simple to calculate |
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