Multiple Choice
The most accepted theory of taxation in modern times:
A) benefit theory
B) cost of service
C) financial theory
D) ability theory
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q12: When expenditure exceeds total tax revenue, it
Q13: The diffusion theory was associated with the
Q14: In which year GST was first introduced<br>A)1952<br>B)1953<br>C)1954<br>D)1955
Q15: In India GST was introduced in the
Q16: Escheat is an example of<br>A)direct tax<br>B)indirect tax<br>C)both
Q17: Fiscal Federalism refers to<br>A)sharing of political power
Q18: The principle of public expenditure that requires
Q20: Gift tax was introduced in the year<br>A)1958<br>B)1959<br>C)1960<br>D)1961
Q21: The theory of fiscal policy derives from<br>A)principle
Q22: In which of the following type of