Question
Which of the following is not a canon of taxation as
proposed by Adam Smith?Solution
Adam Smith, in his book The Wealth of Nations, laid down four canons of taxation: 1. Equality – Taxes should be levied based on the taxpayer's ability to pay. 2. Certainty – Tax amount, time, and mode should be certain. 3. Convenience – Tax should be collected at a time convenient to the taxpayer. 4. Economy – Cost of collecting tax should be minimal. Canon of Simplicity is a modern interpretation, not originally proposed by Adam Smith.
Fill in the blanks with appropriate words from the alternatives given below each sentence.
We have nothing to do but ____ for her.
Each sentence below has a blank. Choose the most appropriate word that best fits the context of the sentence.
The decline in aquatic biodiversi...
They have to _____________ with elephants, hippos, bushpigs, porcupines, vervet monkeys, baboons and birds which are after their crops.
...Directions (104-105): Choose the word/group of words which is most similar in meaning to the word/group of words printed in bold as used in the passage...
- Given below is a sentence with one blank. Below the sentence are given four words derived from the same root but belonging to different parts of speech. Ch...
Select the most appropriate option to fill in the blank.
It is believed that physical exercise is ______ for creating a balance between the body ...
Border trade posts and infrastructure in the Northeast ________ much improvement to attract investment in the region.
A journalist ________ unkindly remarked that there was nothing to Kolkata other ________ its heritage and its glorious past.
Select the most appropriate option to fill in the blank.
The novel presents a theme of betrayal in a ______ manner.
Choose the most appropriate word from the options that can fill the blanks.
Despite multiple intelligence briefings and early satellite data s...
