Which one of the following pairs is not correctly matched?

Posted by MCQ LOG at 12:58 PM

Which one of the following pairs is not correctly matched ?

(1) Similarly placed persons should be taxed similarly - Horizontal equity

(2) Interest payments are deducted from fiscal deficit - Primary deficit

(3) Goods which are divisible and principle of exclusion applies in full measure - Pure private goods
(4) Tax on goods and services is levied according to item’s value - State excise duties


Answer - (4) Tax on goods and services is levied according to item’s value - State excise duties