Which one of the following is the most acceptable theory of taxation:
A) benefit theory
B) cost of service theory
C) ability to pay theory
D) none of these
Correct Answer:
Verified
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Q35: The controlling authority of Government expenditure is:
A)rbi
B)planning
Q36: The idea of 'Democratic Decentralization' in India
Q38: The incidence of tax refers to:
A)the level
Q39: The theory of fiscal policy derives from
A)principle
Q40: The most important source of public revenue
Q41: Fiscal Federalism refers to
A)sharing of political power
Q42: Which one of the following is an
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