Advertisements
Advertisements
The major objective of monetary policy is ______.
Concept: undefined >> undefined
Which of these taxes is most likely to be progressive?
Concept: undefined >> undefined
Advertisements
The tax whose rate remains unchanged irrespective of the income of the taxpayer is called as ______.
Concept: undefined >> undefined
Wealth tax is an example of:
Concept: undefined >> undefined
Which of the statement is true for income tax?
Concept: undefined >> undefined
Which of the following taxes generate civic consciousness among people?
Concept: undefined >> undefined
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 |
Concept: undefined >> undefined
Match the following:
| Column I | Column II | ||
| A. | Impact of tax | (i) | Price stability |
| B. | Incidence of tax | (ii) | Simple to calculate |
| C. | Objective of Monetary Policy | (iii) | Ultimate burden of tax |
| D. | Proportional tax | (iv) | Original imposition of tax |
Concept: undefined >> undefined
Read the following statements carefully and choose the correct alternative:
Assertion (A): Income tax is a direct tax.
Reason (R): GST is an indirect tax.
Concept: undefined >> undefined
Define fiscal policy.
Concept: undefined >> undefined
Name any two instruments of Fiscal Policy.
Concept: undefined >> undefined
How can tax be used as an instrument to bring about equitable distribution of wealth and income?
Concept: undefined >> undefined
State two objectives of fiscal policy.
Concept: undefined >> undefined
Distinguish between fiscal policy and monetary policy.
Concept: undefined >> undefined
Define direct tax
Concept: undefined >> undefined
Define Indirect tax
Concept: undefined >> undefined
Differentiate between direct and indirect taxes.
Concept: undefined >> undefined
'The role of the State is important in developing the economic infrastructure of a developing economy'. Give two reasons to support your answer.
Concept: undefined >> undefined
State the difference between income tax and expenditure tax.
Concept: undefined >> undefined
Define a degressive tax.
Concept: undefined >> undefined
