Question : The 'Ability to Pay' Principle of Taxation is given by
Option 1: Adam Smith
Option 2: Edgeworth
Option 3: Joan Robinson
Option 4: J.S. Mill
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Correct Answer: Adam Smith
Solution : The correct option is Adam Smith
The 'Ability to Pay' concept states that individuals and companies should only pay taxes in proportion to their financial resources derived from their wealth or income. This principle was ideated by Adam Smith, one of the pioneers of contemporary economics.
Application | Eligibility | Dates | Syllabus
Question : Ball pen functions on the principle of:
Option 1: Viscosity
Option 2: Boyle's law
Option 3: Gravitational force
Option 4: Surface tension
Question : 'Pigeon milk' is produced by:
Option 1: crop
Option 2: birds
Option 3: mammals
Option 4: all of the above
Question : The ''Ramon Magsaysay'' award is conferred by which country?
Option 1: Malaysia
Option 2: Indonesia
Option 3: Philippines
Option 4: Thailand
Question : The 'Dronacharya Award' is given to_____________.
Option 1: sportsmen
Option 2: coaches
Option 3: umpires
Option 4: sports editors
Question : Brahmagupta used the terms 'Kuttaka' and 'Kuttakaganita' to refer to:
Option 1: algebra
Option 2: trigonometry
Option 3: arithmetic
Option 4: geometry
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