Economics · Indian Economy
What is meant by a 'Specific Tax' in economics?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A tax levied as a percentage of the value of an item
- 2A tax imposed as a fixed amount per physical unit or weight of a commodity✓
- 3A tax levied on individual net personal wealth
- 4A tax imposed exclusively on service providers
Correct answer
A tax imposed as a fixed amount per physical unit or weight of a commodity
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