📝 Multiple Choice Question
Economics
Identify the sequence of implementation of the following taxes. I.Land revenue II.Sales tax III.MODVAT IV.Service tax
A
III, II, IV, I
B
II, IV, I, III
C
IV, II, I, III
D
I, II, III, IV
Explanation
Land revenue is an ancient tax, sales tax emerged in the mid-20th century, MODVAT was introduced in 1986, and Service tax was implemented in 1994.
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