Match List-I with List-II.

Choose the correct answer from the options given below :

(A)-(III), (B)- (IV), (C)-(I), (D)-(II)

The correct answer is option (1) : (A)-(III), (B)- (IV), (C)-(I), (D)-(II)

Here's the reason for each match :

(A) Indirect Tax - Goods and Service Tax (GST) is an example of an indirect Tax because it is a tax collected by intermediaries, such as businesses, from the end consumers. It is not directly paid by the consumers to the government but is passed on through the supply chain.

(B) Stock -Stock refers to the capital or assets held by individuals or entities, and it can include natural wealth or resources. In the context of economics, stock can represent the value of assets in an economy.

(C) Flow-Gross Domestic Product (GDP) is a measure that represents the flow of income and production in an economy. It calculates the total  value of goods and services produced in a country over a specific period, typically a year.

(D) Direct Tax - Corporate Tax is an example of a direct tax because it is imposed directly on individuals or entities, and the taxpayer is responsible for paying it to the government. It is not collected through intermediaries.