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प्रश्न
The government imposes tax ______.
पर्याय
To raise revenue
To reduce inequalities of income and wealth
Both to raise revenue and to reduce inequalities of income and wealth
Neither to raise revenue nor to reduce inequalities of income and wealth
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उत्तर
Both to raise revenue and to reduce inequalities of income and wealth.
Explanation:
- The government imposes taxes to raise revenue for funding public services, infrastructure, and other government activities.
- Taxes are also used to reduce inequalities of income and wealth by redistributing wealth through progressive taxation and social welfare programs.
संबंधित प्रश्न
Which of the following is an advantage of direct taxes?
Under ______ the rate of tax increases with rise in tax payer's income.
Monetary policy means regulation of money supply by the monetary authority.
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 |
Classify the following type of tax into direct and indirect taxes:
Entertainment tax
What are progressive taxes.
Draw a neat labelled diagram for progressive taxation.
Three demerits of an Indirect tax.
Differentiate between progressive and regressive taxes giving an example for each.
Give two examples of direct taxes.
