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Which statement best explains Direct tax?

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Question ID #26422 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Indian Economy Sectional Test 2026 Medium

Which statement best explains Direct tax?

Correct Answer: C. Tax whose burden is generally intended to fall on the person on whom it is imposed
Direct tax: Tax whose burden is generally intended to fall on the person on whom it is imposed

Question: Which statement best explains Direct tax?

A. Part of balance of payments covering trade in goods and services, income and current transfers

B. Market-driven fall in the rupee's value relative to another currency

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

D. Official downward adjustment of currency value under a fixed or managed exchange-rate regime

Correct Answer: C. Tax whose burden is generally intended to fall on the person on whom it is imposedDirect tax: Tax whose burden is generally intended to fall on the person on whom it is imposed

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Which statement best explains Direct tax? - MCQ Explanation

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Correct answer: C. Tax whose burden is generally intended to fall on the person on whom it is imposed