(English Medium) ICSE Class 10 - CISCE Question Bank Solutions

Explain the term proportional taxation.

Give two reasons why the government imposes tax?

Explain how indirect taxes can be inflationary.

Which one is better progressive or regressive taxation and why?

State two drawbacks of direct taxes.

An indirect tax can be made progressive by imposing higher tax rates on luxuries. Justify the above statement.

Draw a neat labelled diagram for progressive taxation.

Explain clearly tour ways by which the state can promote economic growth and development.

How does the state fulfil the following socio-economic objective?

Reducing income inequality.

How does the state fulfil the following socio-economic objective?

Promoting industrial growth.

How does the state fulfil the following socio-economic objective?

Environmental protection.

Define a tax.

State two differences between income tax and commodity tax.

Explain how tax can be used as an instrument to regulate consumption and production in an economy.

Discuss four fiscal policy objectives with reference to India.

State the four merits of a direct tax.

Three demerits of an Indirect tax.

Suggest the remedies to overcome these problems faced by public sector enterprises. 

Explain the term Impact of a tax.

Explain the term Incidence of a tax.