ECONOMICS (CBSE/UGC NET)

ECONOMICS

TECHNOLOGY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
An act performed for someone for a fee.
A
profit
B
scarcity
C
service
D
good
Explanation: 

Detailed explanation-1: -The Court Fees Act is a fiscal enactment. Its primary objective is to shield or protect the revenue of the State. It was passed to secure the revenue for the benefit of the State. Court Fee is considered as a State debt.

Detailed explanation-2: -Definitions of court fee (often: court fees) money that a party must pay to the court, especially the claimant in a legal dispute. Jurisdictions sometimes distinguish court fees from court costs.

Detailed explanation-3: -In most of the civil cases, the Court fee is determined by the market value of the movable/ immovable property involved in the subject matter of the suit. For example, in a suit for partition, the market value of the share in respect of which the suit has been instituted will be used to determine the Court fee.

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