Taxes levied on commodities are called:
AIncome taxes
BIndirect taxes
CDirect taxes
DWealth taxes
Answer & Solution
Correct answer: B. Indirect taxes
1. They are paid through the price of goods.
2. Reform aimed at a common national market.
3. These are indirect taxes.
_Source: NCERT Class 11 Economics, Indian Economic Development, Chapter 3, Liberalisation, Privatisation and Globalisation._
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