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प्रश्न
'The role of the State is important in developing the economic infrastructure of a developing economy'. Give two reasons to support your answer.
Why is government support necessary to build up economic infrastructure in a developing economy?
संक्षेप में उत्तर
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उत्तर
- Investment in infrastructure is crucial as it promoters investment both in private as well as public sectors.
- Infrastructural facilities are quite inadequate in a developing economy. Private investors do not like to invest in their development. So state's role is considered indispensable.
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Role of State in Economic Development
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संबंधित प्रश्न
The essential feature of a tax.
The following table indicates:
| Tax Base in ₹ | Rate of tax in % |
| 10,000 | 8 |
| 20,000 | 8 |
| 30,000 | 8 |
| 40,000 | 8 |
Which of these taxes is most likely to be progressive?
Which of the following taxes generate civic consciousness among people?
Match the following:
| Column I | Column II | ||
| A. | Direct tax | (i) | Tax rate increases with tax base |
| B. | Indirect tax | (ii) | Tax rate remains constant |
| C. | Proportional tax | (iii) | Imposed on goods and services |
| D. | Progressive tax | (iv) | Impact and incidence lie on the same person |
Define fiscal policy.
State two objectives of fiscal policy.
Classify the following type of tax into direct and indirect taxes:
Income tax
Explain the state's role in achieving the objective of social justice in less developed countries.
Explain how indirect taxes can be made progressive.
