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प्रश्न
A policy under which the government uses its expenditure and revenue to produce desirable effect and avoid undesirable effects on the national income, production and employment. This defines ______.
पर्याय
Monetary Policy
Wage Policy
Price Policy
Fiscal Policy
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उत्तर
A policy under which the government uses its expenditure and revenue to produce desirable effect and avoid undesirable effects on the national income, production and employment. This defines Fiscal Policy.
Explanation:
- Fiscal Policy is the policy under which the government uses its expenditure (spending) and revenue (taxation) to influence the economy.
- The aim is to produce desirable effects, such as increasing national income, boosting production, and promoting employment, while avoiding undesirable effects like inflation or excessive deficits.
APPEARS IN
संबंधित प्रश्न
______ are those taxes which are paid by the same person on whom they have been imposed.
Which of these taxes is most likely to be progressive?
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 |
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 |
State two objectives of fiscal policy.
Citing reason state the advantage of a direct tax over an indirect tax.
What is meant by shifting of tax burden?
Briefly explain why direct taxes foster civic consciousness among people.
Explain how indirect taxes can be inflationary.
Explain how tax can be used as an instrument to regulate consumption and production in an economy.
