Question
Which of the following is not a canon of taxation as
stated by Adam Smith?Solution
Explanation: Adam Smith, in his work The Wealth of Nations, laid down four canons (principles) of taxation: 1. Equity – taxes should be fair. 2. Certainty – taxpayers should know how much and when to pay. 3. Convenience – tax should be collected in a manner convenient for the taxpayer. 4. Economy – the cost of tax collection should be minimal. While simplicity is desirable in a tax system, it is not one of Adam Smith's original canons .
The name of which chemical element of group 1 was discovered in 1817 from the Greek word meaning stone?
Which microorganism among the following causes Cholera?
Nagananda, a Sanskrit play which tells the popular story of Vidyadhar King Jimutavahana's self-sacrifice to save the Nagas, is attributed to emperor ______
A Governor shall, notwithstanding the expiration of his term, continue to hold office until __________.
Which of the following is not in the Top five most populous countries?
Which are the following is/are INCORRECT about the Tri-Services Amphibious Exercise?
1. All three defense forces of India, the Army, the Navy, an...
Which of the following is NOT one of the methods of national income estimation?
Which of the following is made to heat tetrafluoroethene on high pressure with free radical or percussive catalyst?
National Programme for Civil Services Capacity Building comes under which mission?
The Vodafone Idea has raised a special resolution of issue of equity shares worth _____ to the group firms of promoters of Vodafone and Aditya Birla gro...
