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प्रश्न
Explain the significance of taxes.
थोडक्यात उत्तर
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उत्तर
- Taxes are helpful in regulating the level of economic activity.
- They help in reducing inequalities of income and wealth.
- They provide resources for economic development.
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Role of State in Economic Development
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संबंधित प्रश्न
The essential feature of a tax.
______ is an example of commercial revenues.
Wealth tax is an example of:
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 |
Define fiscal policy.
Distinguish between fiscal policy and monetary policy.
Which one is better progressive or regressive taxation and why?
State two drawbacks of direct taxes.
Draw a neat labelled diagram for progressive taxation.
State the four merits of a direct tax.
