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प्रश्न
Explain the significance of taxes.
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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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संबंधित प्रश्न
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 ______.
Identify the tax which is most likely to faster civic conciousness.
The tax whose rate remains unchanged irrespective of the income of the taxpayer is called as ______.
Match the following:
| Column I | Column II | ||
| A. | Direct tax | (i) | Tax rate increases with tax base |
| B. | Indirect tax | (ii) | Tax rate remains constant |
| C. | Proportional tax | (iii) | Imposed on goods and services |
| D. | Progressive tax | (iv) | Impact and incidence lie on the same person |
How can tax be used as an instrument to bring about equitable distribution of wealth and income?
Classify the following type of tax into direct and indirect taxes:
Sales tax
An indirect tax can be made progressive by imposing higher tax rates on luxuries. Justify the above statement.
State two differences between income tax and commodity tax.
Explain the term Incidence of a tax.
Explain the state's role in achieving the objective of social justice in less developed countries.
