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प्रश्न
Define a tax.
What is a tax?
What is mean by tax?
Define tax.
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उत्तर
A tax is a compulsory payment imposed on persons and companies by the government to meet expenditure incurred for the common good.
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संबंधित प्रश्न
Instrument of monetary policy is:
Monetary policy means regulation of money supply by the monetary authority.
The state can promote economic development by ______.
'The role of the State is important in developing the economic infrastructure of a developing economy'. Give two reasons to support your answer.
Classify the following type of tax into direct and indirect taxes:
Income tax
Classify the following type of tax into direct and indirect taxes:
Sales tax
Explain how indirect taxes can be inflationary.
An indirect tax can be made progressive by imposing higher tax rates on luxuries. Justify the above statement.
How does the state fulfil the following socio-economic objective?
Promoting industrial growth.
Explain how tax can be used as an instrument to regulate consumption and production in an economy.
