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प्रश्न
How does the state fulfil the following socio-economic objective?
Reducing income inequality.
संक्षेप में उत्तर
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उत्तर
- Income inequality is very harmful to the society as a whole. The state can reduce income inequality through the system of progressive taxation, nationalisation of private industries and also by providing free education and medical facilities to the poor.
- By setting up public sector enterprises, the government can generate lots of new jobs for the unemployed.
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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 |
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 ______.
Name any two instruments of Fiscal Policy.
Define a degressive tax.
To which tax is this shifting of tax burden relevant?
What are progressive taxes.
Give one example of progressive tax.
Explain the following with examples:
Progressive tax
Explain the significance of taxes.
Define the following term:
Fiscal deficit
