............. is an example of sin Tax.

A    Value Added Tax

B    Customs Duty

C    Sales Tax

D    Excise Duty

Solution

Correct Answer: Option D

 

A sin tax is an excise tax specifically levied on certain goods deemed harmful to society, for example alcohol and tobacco, candies, drugs, soft drinks, fast foods, coffee, sugar, gambling and pornography. 

Practice More Questions on Our App!

Download our app for free and access thousands of MCQ questions with detailed solutions