Option (C) is correct. The implied power is creating a national bank.
Further Explanation:
The implied powers refer to those powers that can be exercised by Congress but are not expressly granted by the Constitution and are important to execute the power granted by the constitution. The expressly delegated powers of the Congress are:
• Laying and collecting taxes
• Regulation foreign and interstate commerce
• Support and raise armies
• Maintain and provide a navy
• Borrow money on the credit
• Exercise the war powers
Justification for the correct and incorrect answer:
A.
Raising taxes: This option is incorrect.
The power for collection and laying of taxes is expressly delegated by the constitution on the congress. The power to raise taxes is a part of it, so it is not an implied power.
B.
Regulating trade: This option is incorrect.
The power for regulation interstate and foreign trade is expressly delegated to congress. So, the power to regulate trade is not considered as implied power.
C.
Creating a national bank: This option is correct.
The power to create a bank is not expressly delegated to the congress and it comes the power to coin money and regulate its value. So it is implied power.
D.
Declaring war: This option is incorrect.
The congress has the war powers and also the power to maintain military and navy. So, it is not considered as implied power.
Learn more:
1. Learn more about the objective of the budget
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2. Learn more about the revenue and expenditure
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3. Learn more about the large expenditures
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Answer details:
Grade: High School
Subject: Economics
Chapter: Government
Keywords: implied power, creating a national bank, raising taxes, regulating trade, declaring war.