Advertisements
Advertisements
प्रश्न
Identify the tax which is most likely to faster civic conciousness.
पर्याय
Property tax
Entertainment tax
Goods and Services tax
Customs duty
Advertisements
उत्तर
Property tax
Explanation:
Property tax is a tax levied on real estate, such as land and buildings. It is directly linked to the ownership of property within a community.
APPEARS IN
संबंधित प्रश्न
The essential feature of a tax.
______ is an example of commercial revenues.
Under ______ the rate of tax increases with rise in tax payer's income.
Match the following and select the correct option:
| Column A | Column B | ||
| (i) | Taxes imposed on income and wealth | A. | Regressive |
| (ii) | Taxes imposed on goods and services | B. | Progressive |
| (iii) | A tax system where the rate of tax decreases with increase income | C. | Direct taxes |
| (iv) | A tax system where the rate of tax increases as income increase | D. | Indirect taxes |
The major objective of monetary policy is ______.
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 |
Citing reason state the advantage of a progressive tax over proportional tax.
Give one example of progressive tax.
Give two examples of direct taxes.
Define the following term:
Fiscal deficit
