Many a times, we read in newspapers about the “sin tax”. Which among the following is / are correct statements with this reference: 1. A sin tax is usually levied on products such as cigarettes, tobacco and soft drinks 2. Sin tax helps the society to reduce the negative externalities Select the correct option from the codes given below:

Answer: [C] Both 1 & 2

This question is a part of GKToday's Integrated IAS General Studies Module