Challenger App

No.1 PSC Learning App

1M+ Downloads
A bank’s primary liability in tax collection arises from:

AMiscalculating taxes

BDelayed remittance of collected taxes

CLending to defaulters

DKYC non-compliance

Answer:

B. Delayed remittance of collected taxes

Read Explanation:

.


Related Questions:

Which of the following services is NOT typically provided by ATMs?
Under which act are Local Area Banks governed?
Why do banks prefer Brown Label ATMs?
Which of the following is not a cyber threat?
When a commercial bank acts as an agent in collection of dividends and interest on securities, which of the following risks does the bank primarily assume?