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Question : The difference between indirect taxes and subsidies is _________________. 

Option 1: Net direct taxes

Option 2: Factor market

Option 3: Market price

Option 4: None of the above. 


Team Careers360 24th Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: None of the above. 


Solution :

The distinction between indirect taxes and subsidies is known as net indirect tax (NIT). The government of a country imposes taxes on the production and sale of goods and services, such as the GST (Goods and Services Tax).
Hence, Option D is correct.

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