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प्रश्न
How does the state fulfil the following socio-economic objective?
Reducing income inequality.
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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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संबंधित प्रश्न
Under ______ the rate of tax increases with rise in tax payer's income.
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 |
Identify the tax which is most likely to faster civic conciousness.
Name any two instruments of Fiscal Policy.
'The role of the State is important in developing the economic infrastructure of a developing economy'. Give two reasons to support your answer.
Citing reason state the advantage of a direct tax over an indirect tax.
What are progressive taxes.
An indirect tax can be made progressive by imposing higher tax rates on luxuries. Justify the above statement.
State three demerits of an Indirect tax.
Explain the state's role in achieving the objective of social justice in less developed countries.
