1. Yield from indirect taxes is more than that from direct taxes. |
2. Indirect taxes have grown faster than direct taxes after 1947. |
3. Indirect taxes are ultimately paid for by persons who do not actually pay taxes to the government. |
4. Increase in indirect taxes is good in a developing country. |
A) 1, 2 and 4
B) 1 and 2
C) 2 only
D) 1, 2 and 3
Correct Answer: D
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