Q. Which of the following refers to that part of deficit for which the government borrows from the RBI?
1.Excise duty and sales tax are examples of indirect taxes
2.Taxes like income tax and property tax are direct taxes
3.There is no difference between Direct and Indirect tax
Select the correct answer using the code given below:
1.Excise duty and sales tax are examples of indirect taxes
2.Taxes like income tax and property tax are direct taxes
3.There is no difference between Direct and Indirect tax
Select the correct answer using the code given below:
✅ Correct Answer: (C)
4 only
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