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प्रश्न
What is meant by regressive taxation?
What are regressive taxation?
Explain the following with examples:
Regressive tax
What is regressive tax? Give an example.
What is a regressive tax?
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उत्तर
- Regressive tax is the opposite of progressive tax. A tax will be regressive when the rate of tax decreases as the tax base increases. Thus, it is directly opposite of progressive tax.
- The chief examples of regressive taxes are on these goods whose consumption society wishes to discourage, such as tobacco and alcohol.
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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 |
Monetary policy means regulation of money supply by the monetary authority.
The major objective of monetary policy is ______.
Name any two instruments of Fiscal Policy.
State two objectives of fiscal policy.
Citing reason state the advantage of a direct tax over an indirect tax.
An indirect tax is not always equitable. Give two reasons to support your answer.
How does the state fulfil the following socio-economic objective?
Promoting industrial growth.
Three demerits of an Indirect tax.
Citing reasons state the superiority of Fostering civic consciousness by direct tax over the same by indirect tax.
