Mention the penalty by which a person loses title of his property, that is a result of some illegal act ?
Correct answer: C. Forfeiture
- A. Confiscation
- B. Bankruptcy
- C. Forfeiture
- D. Debenture
Explanation
Forfeiture is the legally enforced loss of ownership as a penalty for an unlawful act. Confiscation usually refers more generally to government seizure of property, so forfeiture is the more precise term here.
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About Public Finance
Government revenue and expenditure are analysed through taxation, public borrowing, budgets, subsidies, transfers and public debt. The topic explains how fiscal policy affects resource allocation, income distribution, economic stability and growth, while distinguishing direct from indirect taxes, progressive from regressive taxation, and public goods from goods supplied by private markets.
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