Match the following : List-I List -II A. Canons of taxation 1. U K Hicks B. Canons of public…
The classic canons of taxation were formulated by Adam Smith (A-2). The canons of public expenditure were propounded by Findlay Shirras (B-3). The concept of effective…
Choose your answer
Match the following :
| List-I | List -II |
|---|---|
| A. Canons of taxation | 1. U K Hicks |
| B. Canons of public expenditure | 2. Adam Smith |
| C. Effective incidence of tax | 3. Findlay Shirras |
| D. Benefit approach of public expenditure | 4. Erik Lindahl |
Answer and explanation
Correct answer A
The classic canons of taxation were formulated by Adam Smith (A-2). The canons of public expenditure were propounded by Findlay Shirras (B-3). The concept of effective incidence of tax (as distinct from formal incidence) was introduced by Ursula K. Hicks (C-1). The benefit (voluntary exchange) approach to public expenditure and taxation was developed by Erik Lindahl (D-4).
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RPSC Assistant Professor (College Education)