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प्रश्न
Explain the significance of taxes.
संक्षेप में उत्तर
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उत्तर
- Taxes are helpful in regulating the level of economic activity.
- They help in reducing inequalities of income and wealth.
- They provide resources for economic development.
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Role of State in Economic Development
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संबंधित प्रश्न
The essential feature of a tax.
Instrument of monetary policy is:
A policy under which the government uses its expenditure and revenue to produce desirable effect and avoid undesirable effects on the national income, production and employment. This defines ______.
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 |
Give one example of progressive tax.
An indirect tax can be made progressive by imposing higher tax rates on luxuries. Justify the above statement.
Explain clearly tour ways by which the state can promote economic growth and development.
State two differences between income tax and commodity tax.
Explain the term Incidence of a tax.
Give two examples of direct taxes.
