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प्रश्न
How does the state fulfil the following socio-economic objective?
Promoting industrial growth.
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उत्तर
- Industrialisation is a process of growth and expansion of industries in a country. The government can come forward for the establishment of basic industries (e.g. steel industry, heavy chemical industry) which are generally not taken up by the private investor for want of risks and huge investments.
- The state can also provide various inputs at subsidised prices to encourage private investment in industries.
- The government can provide relief to certain industries in the shape of lowering the taxes so that they could compete with foreign industries.
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संबंधित प्रश्न
______ is an example of commercial revenues.
Fiscal policy means public expenditure and tax policy of the government.
Observe the relationship of the first pair of words and complete the second pair:
Tax paid by person on whose it is imposed : Direct tax.
A tax is paid by some person and the final burden is born by some other person : ______.
The state can promote economic development by ______.
The major objective of monetary policy is ______.
Differentiate between direct and indirect taxes.
State the difference between income tax and expenditure tax.
Classify the following type of tax into direct and indirect taxes:
Sales tax
Give two reasons why the government imposes tax?
Define the following term:
Fiscal deficit
