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.
Answer (1)
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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