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Which statement best explains Indirect tax?

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Question ID #26711 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 3 Medium

Which statement best explains Indirect tax?

Correct Answer: B. Tax collected through transactions where burden may be shifted to another person
Indirect tax: Tax collected through transactions where burden may be shifted to another person

Question: Which statement best explains Indirect tax?

A. Tax whose burden is generally intended to fall on the person on whom it is imposed

B. Tax collected through transactions where burden may be shifted to another person

C. Economic growth whose opportunities and benefits are broadly shared

D. GDP measured at current prices

Correct Answer: B. Tax collected through transactions where burden may be shifted to another personIndirect tax: Tax collected through transactions where burden may be shifted to another person

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Which statement best explains Indirect tax? - MCQ Explanation

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Correct answer: B. Tax collected through transactions where burden may be shifted to another person