📊 Public Finance
Q. The following is not a characteristic of a tax.
  • (A) it is a compulsory payment
  • (B) every tax involves a sacrifice by tax payer
  • (C) there is a quid-pro-quo between the tax payer and the government.
  • (D) refusal to pay tax is a punishable offence.
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✅ Correct Answer: (C) there is a quid-pro-quo between the tax payer and the government.

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