(1) Tax Rev 2021: General Principles

Front

The following are the inherent powers of the state except one. Which is not among the three (3) inherent powers of the state? Taxation Power, Police Power, Eminent Domain Power, Finance Power

Back

Finance Power

Front

It is a power by which an Independent State, through its law-making body, raises and accumulates revenue from its inhabitants to pay the necessary expenses of the government.

Back

Taxation Power

Front

It is a power of the Sovereign State to legislate for the protection of the health, welfare and morals of the community.

Back

Police Power

Front

It is a power of the Sovereign State to take private property for a public purpose in exchange of just compensation to the private owner.

Back

Eminent Domain Power

Front

Taxation can exist independently with the Constitution although the condition for their exercise may be prescribed or limited by the Constitution. TRUE or FALSE?

Back

TRUE

Front

Which among the inherent powers of the state is the most superior? Taxation Power, Police Power, Eminent Domain Power, Finance Power

Back

Police Power

Front

Which among the inherent powers of the state is the most important? Taxation Power, Police Power, Eminent Domain Power, Finance Power

Back

Taxation Power

Front

Which among the inherent powers of the state requires just compensation?

Back

Eminent Domain Power

Front

It refers to the legislative act of laying a tax to raise income for the government to defray its necessary expenses.

Back

Taxation

Front

The primary purpose of taxation?

Back

To raise revenue