Duty levied on_____ is special levy.a)television (b) telephone
c) opium (d) notebook
Answers
Answer : c) opium
Duty levied on opium is special levy.
Explanation :
A special levy is a type of tax that is imposed on a specific product or group of products. In this case, the option "c) opium" is the correct answer, as a special levy is imposed on opium.
Opium is a highly addictive drug that is derived from the opium poppy plant. It is primarily used to make other drugs such as heroin and morphine. Due to its addictive nature, opium has been banned in many countries and is heavily regulated in others. As a result, a special levy is imposed on opium to discourage its cultivation and use.
The special levy on opium is intended to raise revenue for governments and also to discourage the cultivation and use of the drug. This is because the money raised from the special levy can be used to fund anti-drug programs and to help with the treatment and rehabilitation of those addicted to opium. Additionally, the high cost of opium due to the special levy makes it less accessible to potential users, thereby reducing its demand.
It's important to note that the other options in this question (television, telephone and notebook) are not products that are typically subject to a special levy. They are common consumer goods that are typically taxed through regular sales or value-added taxes.
In conclusion, a special levy is a tax imposed on a specific product or group of products, in this case opium. The purpose of the special levy is to raise revenue and discourage the cultivation and use of the drug. Other options in the question (television, telephone and notebook) are not typically subject to a special levy.
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