Goyal Brothers Prakashan solutions for इकॉनॉमिक्स [अंग्रेजी] कक्षा १० आईसीएसई chapter 10 - Public Revenue [Latest edition]

______ is a non-tax revenue.

______ are the receipts by way of prices paid for government produced goods and services.

Identify administrative revenue from the following:

The essential feature of a tax. 

______ is an example of commercial revenues.

______ are those taxes which are paid by the same person on whom they have been imposed. 

The government imposes tax ______.

Which of the following is an advantage of direct taxes?

Under ______ the rate of tax increases with rise in tax payer's income. 

Taxes in which the rate of tax remains the same, though the tax bases changes are called ______.

______ are levied on the value of the commodities.

The ______ is on the person who pays it in the first instance.

______ is mixture of proportional and progressive tax system.

The revenue derived by the government from public enterprises is also known as ______.

Income tax is an example of ______.

License fee is an example of ______.

Goods and Services Tax (GST) is an example of ______.

Toll tax is an example of ______ revenue of the government.

If the rate of tax falls with an increase in income, it is called as ______.

The revenue earned by the government from this process will be called as ______ revenue.

The rate of tax, which is uniform for all the taxpayers, is termed as ______.

Direct taxes are regressive in nature.

Study the relationship in the first pair of words and complete the second pair.

1. Revenue earned by the government through railway fares: Commercial revenue
2. Revenue earned through Special Assessment: ______.

Assertion (A): Public revenue means the income of the government through all sources.

Reason (R): Tax is the major source of revenue for the government.

Statement (1): Taxes include direct as well as indirect taxes.

Statement (2): Fee, penalties, gifts donations, profits of public enterprises are examples of non-tax source of revenue.

Assertion (A): Direct tax is a regressive tax.

Reason (R): People pay a higher amount of tax as they earn a higher income.

Statement (1): In case of direct taxes, the tax burden cannot be transferred to another person.

Statement (2): Indirect taxes are charged on the sale or consumption of goods and services.

Statement (1): Postal charges are an example of commercial source of public revenue.

Statement (2): Fares and freights charged by the railways are an example of administrative revenue.

Assertion (A): A progressive tax takes a larger percentage of income from high income groups.

Reason (R): A regressive tax takes a larger percentage of income from low income groups.

Assertion (A): GST is an indirect tax.

Reason (R): GST was launched in India to eliminate multiple indirect taxes.

What is the meaning of public finance?

Give two main features of a tax.

Differentiate between tax revenue and non-tax revenue.

What is the difference between the impact of taxation and incidence of taxation?

What is the difference between price and tax?

Mention any two purposes of taxation.

How can taxes be used for promoting economic growth?

Explain how tax can be used as an instrument to regulate consumption and production in an economy.

Which are the sources of public revenue?

Define direct tax

Give any two examples of direct tax.

Define an Indirect tax with the help of an example.

In what type of tax, shifting of the tax burden is possible? Explain using an example.

Direct taxes are progressive in nature. Briefly explain.

State two differences between income tax and commodity tax.

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

Sales tax

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

Income tax

State whether the following is a direct or an indirect tax:

Wealth tax

State whether the following is a direct or an indirect tax:

Excise duty

State the four merits of a direct tax.

Explain any five demerits of direct tax.

What are the merits of an indirect tax?

State three demerits of an Indirect tax.

Differentiate between progressive taxation and proportional taxation.

Explain the term proportional taxation.

What are proportional taxes?

What are progressive taxes.

Give one example of progressive tax.

Indirect taxes are regressive in nature. How can they be made progressive?

What is a degressive tax? 

Give an example of a digressive tax.

Distinguish between a tax and a fee.

Give any two examples of direct tax.

Distinguish between a tax and a subsidy.

How can tax be used as an instrument to bring about equitable distribution of wealth and income?

Progressive taxation is suitable for the Indian economy. Give reasons to support your answer.

Mention one way by which the government can reduce the inequalities of income and wealth in an economy.

A special virtue of indirect taxes is that they sometimes help in social reforms. Explain.

What do you mean by Goods and Services Taxes?

When was GST implemented?

Indirect taxes are regressive in nature. How can they be made progressive?

Give any five points of difference between direct and indirect tax.

Mention any two examples of administrative renenue.

Mention any two objectives of GST.

The following image shows, ‘Tolls as a source of revenue for State as well as Central government.’   [4]

Identify and explain the type of revenue mentioned in the above statement.    [1]

“Indirect taxes are also called as taxes in the dark.” Justify the statement with the suitable reasons.

Explain the term Incidence of a tax.

Explain any five characteristics of the tax.

What are the merits of an indirect tax?

Give any five points of difference between direct and indirect tax.

State the four merits of a direct tax.

Explain any five demerits of direct tax.

Give any five points of difference between direct and indirect tax.

What are the merits of an indirect tax?

State three demerits of an Indirect tax.

Differentiate between progressive taxation and proportional taxation.

What are the merits of an indirect tax?

State three demerits of an Indirect tax.

Define a tax.

State the four merits of a direct tax.

Define a tax.

Give any five points of difference between direct and indirect tax.

Give any five points of difference between direct and indirect tax.

Explain the meaning of the following term:

Impact

Explain the meaning of the following term:

Shifting

Explain the meaning of the following term:

Incidence

To which type of tax are the terms Impact, Shifting, and Incidence relevant?

What are the merits of an indirect tax?

State three demerits of an Indirect tax.

Explain any five demerits of direct tax.

Explain any five demerits of induced taxes.

Define public revenue.

Define a tax.

Give two main features of a tax.

Define direct tax

Give any two examples of direct tax.

Define Indirect tax

Give an example of Indirect tax.

In what type of tax, shifting of the tax burden is possible? Explain using an example.

What is the difference between the impact of taxation and incidence of taxation?

Distinguish between a tax and a fee.

Define progressive taxation.

Give one example of progressive tax.

What are proportional taxes?

What is meant by regressive taxation?

Give an example of regressive tax.

What is a degressive tax? 

What is a degressive tax? 

Give an example of a digressive tax.

Give any five points of difference between direct and indirect tax.

Differentiate between tax revenue and non-tax revenue.

Giving reasons classify the following into direct and indirect tax:

Wealth tax

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

Income tax

Giving reasons classify the following into direct and indirect tax:

GST

Explain how taxation can be used to reduce inequalities of income.

State the four merits of a direct tax.

Explain any five demerits of direct tax.

What are the merits of an indirect tax?

State three demerits of an Indirect tax.

What do you mean by Goods and Services Taxes?

Differentiate between progressive taxation and proportional taxation.

What is the difference between price and tax?

Define a tax.

Explain two merits of progressive tax structure.

Explain two demerits of progressive tax structure.

State two differences between income tax and commodity tax.

Indirect taxes are regressive in nature. How can they be made progressive?

Distinguish between a tax and a subsidy.

GST will lead to better tax compliance. Do you agree?

Define a tax.

Give any five points of difference between direct and indirect tax.

What are the objectives of GST?

Examine the above image. State and explain the source of revenue generated by the government.

By giving valid reasons, explain whether the following will be included in the commercial revenue of the government or not?

Mr. Shah paying License fee for registration of his motor vehicle.

By giving valid reasons, explain whether the following will be included in the commercial revenue of the government or not?

Irrigation charges paid by Mr. Shah as a farmer.