Explore topic-wise MCQs in Business Finance.

Given below are two statements. One is labelled as Assertion (A) and the other is labelled as Reason (R). Assertion (A): Tax should not be charged on dividend income from the shareholders Reason (R): Some economists are of the opinion that when tax has already been paid on the profit of the company and balance is distributed as dividend to the owners, tax need not be levied on them In the light of the above two statements, choose the correct answer from the options given below 1. Both A) and R) true and R) is the correct explanation of A)2. Both A) and R) true but R) is NOT the correct explanation of A)3. A) is true but R) is false 4. A) is false but R) is true