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प्रश्न
Define fiscal policy.
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उत्तर १
Fiscal policy can be defined as the policy under which the government uses its expenditure and to revenue programmes to produce desirable effects.
उत्तर २
According to G.K. Shaw, "We define fiscal policy as any decision to change in the level, composition or timing of government expenditure or change in burden, structure and frequency of the tax payments."
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संबंधित प्रश्न
Define a degressive tax.
Citing reason state the advantage of a direct tax over an indirect tax.
Classify the following type of tax into direct and indirect taxes:
Entertainment tax
Classify the following type of tax into direct and indirect taxes:
Income tax
Explain clearly tour ways by which the state can promote economic growth and development.
State two differences between income tax and commodity tax.
State the four merits of a direct tax.
Differentiate between progressive and regressive taxes giving an example for each.
Give two examples of direct taxes.
Explain the state's role in achieving the objective of social justice in less developed countries.
