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.
Select the number from among the given options that can replace the question mark (?) in the following series.
23, ?, 89, 177, 353, 705
Select the related number from the given alternatives.
97 : 16 :: 85 ?
 Identify the number that does NOT belong to the following series.
18, 27, 35, 45, 54
What will come in place of '?' in the following equation, if '+' and '÷' are interchanged and '×' and '–' are interchanged? Â
56 × 16 + 8 ...
In this question, three statements are given, followed by three conclusions numbered I, II and III. Assuming the statements to be true, even if they see...
Select the correct set of symbols:Â
21Â Â Â 9Â Â Â 13Â Â Â 7 = 195
In this question, three statements are given, followed by three conclusions numbered I, II and III. Assuming the statements to be true, even if they see...
The question contains pairs of words that are related to each other in a certain way. Three of the following four word pairs are alike as these have the...
Select the set in which the numbers are related in the same way as are the numbers of the following set.
(NOTE : Operations should be performed o...
Which of the following groups of letters when sequentially placed from left to right will complete the given series?Â
jklmnojklmnoj_Imnojk_m_ojk...
