Multiple choice

Which of the following taxes checks the consumption of harmful products?

  1. Excise duty

  2. Service tax

  3. Octroi tax

  4. Income tax
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A Correct answer
Explanation

It is excise duty.The excise duty is levied heavily on products, which are harmful for health such as alcohol, tobacco, liquor etc. Heavy duty is charged on production of such harmful products so that its prices increase and people are discouraged to consume them.

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