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Which of the following is a key characteristic of taxes?

AVoluntary payment

BCompulsory payment imposed by law-making authority

CBenefit received in direct proportion to payment

DCan be refused by taxpayers

Answer:

B. Compulsory payment imposed by law-making authority

Read Explanation:

  • Taxes are compulsory payments legally imposed by the government, and taxpayers cannot refuse to pay them


Related Questions:

Evaluate the statements regarding the Kaivalya and Jagratha Samithis.

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  2. The Kaivalya scheme offers interest-free loans for self-employment ventures.
  3. Jagratha Samithis are watchdog institutions at the grassroot level aimed at preventing crimes against women through community participation.
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