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प्रश्न
Explain the state's role in achieving the objective of social justice in less developed countries.
संक्षेप में उत्तर
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उत्तर
Role of state towards achieving the objective of social justice in less Developed countries.
- Reduction in Inequalities of Income: In less developed countries there exists vast inequalities in the distribution of income which are socially undesirable. The government can reduce these inequalities in the following ways:
- Through the policy of progressive taxation.
- Through the policy of transfer payments in favour of the poor.
- By providing subsidised food and other essential items to the poor.
- Welfare state: The government can also undertake the responsibility of the welfare state. Under the policy of welfare state, the government protects the individuals against various contingencies so as to guarantee people a minimum standard of living.
- Public Expenditure Policy: Under its expenditure policy, the government can incur expenditure to benefit the poor. Welfare measures like free education and medical facilities, social security schemes and provision of subsidised goods of common consumption like food can help the poor persons and thereby reduce income inequalities.
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Role of State in Economic Development
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संबंधित प्रश्न
Match the following and select the correct option:
| Column A | Column B | ||
| (i) | Taxes imposed on income and wealth | A. | Regressive |
| (ii) | Taxes imposed on goods and services | B. | Progressive |
| (iii) | A tax system where the rate of tax decreases with increase income | C. | Direct taxes |
| (iv) | A tax system where the rate of tax increases as income increase | D. | Indirect taxes |
The following table indicates:
| Tax Base in ₹ | Rate of tax in % |
| 10,000 | 8 |
| 20,000 | 8 |
| 30,000 | 8 |
| 40,000 | 8 |
Distinguish between fiscal policy and monetary policy.
Define direct tax
Define Indirect tax
'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:
Sales tax
State two drawbacks of direct taxes.
Define a tax.
Explain the following with examples:
Progressive tax
