New 👉 Ask your RBI Grade B 2025 Preparation Queries Here!!

    Register

    Question

    Which one of the following cannons of taxation was not

    advocated by Adam Smith?
    A Cannons of equality Correct Answer Incorrect Answer
    B Cannons of certainty Correct Answer Incorrect Answer
    C Cannons of convenience Correct Answer Incorrect Answer
    D Cannon of fiscal adequacy Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    In order to guide the taxing authority, Adam Smith laid down four principles which are known as cannons of taxation 1.    C Cannons of equality 2.    Cannons of certainty 3.    Cannons of convenience 4.    Cannon of economy

    Practice Next