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प्रश्न
Explain the term Impact of a tax.
What is meant by impact of taxation?
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उत्तर
The term impact is used to express the immediate or original imposition of tax. The impact of tax is on the person on whom it is imposed first i.e., the person who is liable to pay tax to the government.
संबंधित प्रश्न
Which of the following is an advantage of direct taxes?
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 |
Distinguish between fiscal policy and monetary policy.
Define Indirect tax
Briefly explain why direct taxes foster civic consciousness among people.
Give one example of progressive tax.
Explain the term proportional taxation.
An indirect tax can be made progressive by imposing higher tax rates on luxuries. Justify the above statement.
Discuss four fiscal policy objectives with reference to India.
Explain the significance of taxes.
