English

The type of tax, the impact of which lies on the same person on whom it is legally imposed is known as ______.

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Question

The type of tax, the impact of which lies on the same person on whom it is legally imposed is known as ______.

Options

  • Indirect tax

  • Direct tax

  • Value added tax

  • None of these

MCQ
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Solution

The type of tax, the impact of which lies on the same person on whom it is legally imposed is known as direct tax.

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Chapter 16: Fiscal Policy - TEST YOURSELF QUESTIONS [Page 348]

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Frank Economics [English] Class 12 ISC
Chapter 16 Fiscal Policy
TEST YOURSELF QUESTIONS | Q 4. | Page 348
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