(English Medium) ICSE Class 10 - CISCE Question Bank Solutions for Economic Applications

Citing reason state the advantage of a progressive tax over proportional tax. 

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. 

What is meant by shifting of tax burden? 

To which tax is this shifting of tax burden relevant?

Classify the following types of tax into direct and indirect taxes: 

1. Entertainment tax
2. Income tax
3. House tax
4. Sales tax

Classify the following type of tax into direct and indirect taxes:

Income tax

Classify the following type of tax into direct and indirect taxes:

House tax

Classify the following type of tax into direct and indirect taxes:

Sales tax

Briefly explain why direct taxes foster civic consciousness among people.

What is meant by regressive taxation?

What are progressive taxes.

Give an example of Indirect tax.

Give one example of progressive tax.

Explain the term proportional taxation.

Give two reasons why the government imposes tax?

Explain how indirect taxes can be inflationary.

Which one is better progressive or regressive taxation and why?

State two drawbacks of direct taxes.

An indirect tax can be made progressive by imposing higher tax rates on luxuries. Justify the above statement.