Multiple choice

Consider the following statements:

  1. Estate duty also refer to as inheritance tax.
  2. Capital gains tax is a tax on the gains from the sale and purchase of an asset.
  3. The term Fiscal expenditure is also used to refer to the costs incurred by the government to collect taxes.
  4. Congestion charges refer to fees charged during the periods of peak, usage of certain facilities such as roads and parks to reduce congestion. Of the above, the correct statements are

  1. 1, 2

  2. 1, 2, 3

  3. 2, 3

  4. 1, 2, 3, 4
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

All four statements are correct. Estate duty is inheritance tax; capital gains tax applies to asset sales; fiscal expenditure includes administrative costs of tax collection; and congestion charges are fees for peak-time infrastructure usage.

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