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

Suggest the remedies to overcome problems faced by public sector enterprises. 

Explain the term Impact of a tax.

Explain the term Incidence of a tax.

Explain the following with examples:

Progressive tax

With reference to the taxation policy.

Differentiate between progressive and regressive taxes giving an example for each.

Explain the significance of taxes.

Give two examples of direct taxes.

Explain briefly two merits of indirect tax.

Explain the state's role in achieving the objective of social justice in less developed countries. 

Define the following term:

Fiscal deficit

Explain how indirect taxes can be made progressive.

Citing reasons state the superiority of Progressive tax over regressive tax. 

Citing reasons state the superiority of Fostering civic consciousness by direct tax over the same by indirect tax. 

Identify which of the following Statement is true?

Deposits made by the people from their own resources are called ______. 

If legal reserve ratio is 20%, the value of money multiplier would be ______.

The ratio of total deposits that a commercial bank has to keep with Reserve Bank of India is called ______.

Credit money is increased when CRR:

Suppose in an economy, the initial deposit of ₹ 400 crores lead to the creation of total deposits worth ₹ 4000 crore. Then the value of reserve requirements would be ______.

Match the following and select the correct option.