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.
The type of account which is opened by the investor while registering with an investment broker (or sub-broker) is called __________.
Scheduled Banks in India refer to those banks which have been included in the _______ Schedule of Reserve Bank of India Act, 1934.Â
Which of the following Bank is nationalised in 1st phase of Nationalisation of Banks?
The Headquarter of SIDBI was located in __________
.............................is a facility extended by the Reserve Bank of India to the scheduled commercial banks (excluding RRBs) and primary dealers...
What is a mortgage?
Which bank works as a Lead Bank in the district?
NITI Ayog stands for
. ________________ has recently approved a law banning all exploration and production of oil and natural gas by 2040.
Which of the Following T-Bills is not issued at present?
