Land revenue and stamp and registration fees are examples of:
AIncome taxes
BImport duties
CProduction taxes
DProduct taxes
Answer & Solution
Correct answer: C. Production taxes
1. They do not depend on the volume produced.
2. They are production taxes.
3. Excise and service tax are product taxes.
_Source: syllabus Introductory Macroeconomics, Chapter 2, National Income Accounting._
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