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प्रश्न
______ are levied on the value of the commodities.
विकल्प
Specific taxes
Ad valorem taxes
Direct taxes
Taxes on income
MCQ
रिक्त स्थान भरें
उत्तर
Ad valorem taxes are levied on the value of the commodities.
Explanation:
Ad valorem taxes are taxes that are levied based on the value of a commodity or product. The term "ad valorem" means "according to value" in Latin. This type of tax is calculated as a percentage of the price of the item, making it dependent on the item's value.
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