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 .
Earthquakes occur most frequently at which part of earth?
Which of the following are reasons for frequent floods in regions surrounding Assam?
1. Brahmaputra River unloads huge sediment in the region bro...
Which is the southernmost range of the Himalayas?
With reference to the Khejri Tree, consider the following statements:
1. It covers about two-thirds of the total geographical area of Rajasthan.<...
Which is the largest uranium producing country in the world?
Recently, linking of which of the following rivers was undertaken?
Arrange the following North-Eastern hills in order starting from North to South:
1. Lushai Hills
2. Manipur Hills
3. Patkai Bum
...Consider the given statements:
(I) Bhimbetka rock shelter is located in the Indian state of Chhattisgarh.
(II) Bhimbetka rock shelters are...
Kanger Ghati National Park is situated in the state of
Boundary line between Germany and Poland
