Question : Duties levied on goods produced within the country are_____.
Option 1: anti-dumping taxes
Option 2: excise taxes
Option 3: custom duties
Option 4: wealth taxes
Correct Answer: excise taxes
Solution : The correct option is excise taxes .
Duties levied on goods produced within the country are typically referred to as Excise taxes. Excise taxes are taxes that are levied on specific goods or services at the time of production, sale, or consumption. These taxes are often applied to items considered non-essential or harmful to public health and aim to discourage the use or consumption of those items.
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