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प्रश्न
Explain the following with examples:
Progressive tax
थोडक्यात उत्तर
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उत्तर
- A tax is said to be progressive when the rate of tax increases as the taxpayer's income increases.
- Examples of progressive tax are income tax, and estate tax.
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Role of State in Economic Development
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 6: The State and Economic Development - QUESTIONS [पृष्ठ १८५]
APPEARS IN
संबंधित प्रश्न
The state can promote economic development by ______.
Which of these taxes is most likely to be progressive?
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.
Distinguish between fiscal policy and monetary policy.
Define Indirect tax
State the difference between income tax and expenditure tax.
Citing reason state the advantage of a progressive tax over proportional tax.
Which one is better progressive or regressive taxation and why?
Citing reasons state the superiority of Progressive tax over regressive tax.
