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Question

Economics Question on Tax

Match List I with List II

| LIST I| | LIST II
---|---|---|---
A.| The value as determined by the municipal authorities
for levying municipal taxes on house property| I.| Expected Rent
B.| The rent which a similar property can fetch
in the same or similar locality if it is let for a year| II.| Fair Rent
C.| The rent which is fixed under the Rent Control Act| III.| Standard Rent
D.| Higher of Municipal value or fair rent but limited to standard rent| IV.| Municipal value

Choose the most appropriate answer from the options given below:

A

A-I. B-III. C-II, D-IV

B

A-II. B-III, C-I, D-IV

C

A-IV, B-I, C-II, D-III

D

A-IV, B-II, C-III, D-I

Answer

A-IV, B-II, C-III, D-I

Explanation

Solution

The correct option is (D): A-IV, B-II, C-III, D-I