WORLD HISTORY

HISTORY

ABSOLUTISM AND REVOLUTION

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Stamp act was
A
tax on lead, paper and tea
B
all paper products
C
a tax to give to the marching sound of soldiers
D
a tax that was given to civilians to house soldiers
Explanation: 

Detailed explanation-1: -The 2-shilling 6-pence stamp paid the tax on a variety of contracts, leases, conveyances, protests, and bills of sale, as well as conveyances of real property of more than two hundred acres but not more than 320 acres. The 2-shilling 6-pence stamp is the most common of all of the Stamp Act revenues.

Detailed explanation-2: -The Indian Stamp Act, 1899 (2 of 1899) is a fiscal statute laying down the law relating to tax levied in the form of stamps on instruments recording transactions & Stamp duties on instruments specified in Entry 91 of the Union List (viz.

Detailed explanation-3: -The Stamp Act was passed on March 22, 1765, leading to an uproar in the colonies over an issue that was to be a major cause of the Revolution: taxation without representation. Enacted in November 1765, the controversial act forced colonists to buy a British stamp for every official document they obtained.

Detailed explanation-4: -Any instrument mentioned in Schedule I to Indian Stamp Act is chargeable to duty as prescribed in the Schedule. These include affidavit, lease, memorandum and articles of company, bill of exchange, bond, mortgage, conveyance, receipt, debenture, share, insurance policy, partnership deed, proxy, shares etc.

There is 1 question to complete.