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Q:

Which one of the following canons of taxation was not advocated by Adam Smith?

 

A) Canon of equity B) Canon of certainty
C) Canon of convenience D) Canon of fiscal adequacy

Answer:   D) Canon of fiscal adequacy



Explanation:

Adam Smith propounded the following first four canons of taxation -(1)Canon of Equity. (2) Canon of Certainty: (3) Canon of Convenience or Ease (4) Canon of Economy.

Subject: General Awareness
Exam Prep: Bank Exams
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