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प्रश्न
Explain briefly two merits of indirect tax.
संक्षेप में उत्तर
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उत्तर
Merits of indirect tax are as follows:
- Indirect taxes are convenient to pay because they are paid in small amounts and are included in the price of the commodity. Taxpayers do not feel the burden of these taxes.
- Indirect taxes can be used to increase social welfare. The consumption of goods which are undesirable and harmful such as wine, cigarettes, etc. can be discouraged by imposing heavy taxes on them.
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Role of State in Economic Development
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संबंधित प्रश्न
Instruments of fiscal policy is:
Match the following:
| Column I | Column II | ||
| A. | Impact of tax | (i) | Price stability |
| B. | Incidence of tax | (ii) | Simple to calculate |
| C. | Objective of Monetary Policy | (iii) | Ultimate burden of tax |
| D. | Proportional tax | (iv) | Original imposition of tax |
Define fiscal policy.
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
Give one example of progressive tax.
Explain the term proportional taxation.
How does the state fulfil the following socio-economic objective?
Reducing income inequality.
How does the state fulfil the following socio-economic objective?
Environmental protection.
Explain the state's role in achieving the objective of social justice in less developed countries.
