Consider the following statements: 1. Wealth tax and gift tax are classified as “Paper Taxes”. 2. Paper taxes are easy to administer and yield high revenue. 3. These taxes are called “paper” because they are difficult to enforce. Which of the above statements are correct?

Options:

• A: 1, 2, and 3
• B: Only 1 and 2
• C: Only 2 and 3
• D: Only 1 and 3

Related Practice Questions:

• If 10 men or 20 boys can make 260 toys in 20 days, how many toys can be made by 4 men and 4 boys in 20 days?
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• A man, a woman, and a boy can together complete a piece of work in 3 days. If the man alone can do it in 6 days and the boy alone can do it in 18 days, how many days will the woman alone take to complete the work?