Tax is a legally _______ payment imposed

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Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Government Budget and Economy

Question:

Tax is a legally _______ payment imposed by the _______ on income and property of persons and companies.

Which of the following options suits best in the above blanks?

Options:

Voluntary, government

Compulsory, government

Compulsory, central bank

Voluntary, central bank

Correct Answer:

Compulsory, government

Explanation:

Tax is a legally compulsory payment imposed by the government on income and property of persons and companies.