Which of the following is not a characteristic of tax?
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Compulsory Contribution
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Quid Pro Quo
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Regular Payment
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Personal Obligation
B
Correct answer
Explanation
This is not a characteristic of tax.
A tax is not levied for any specific purpose and the individual cannot ask for special benefit from the state in return for the tax paid. The quid pro quo means more or less equal exchange in return of paying something, but as the individual cannot demand anything in return of tax paid; quid pro quo is not a characteristic of tax.