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Question
Classify the following types of tax into direct and indirect taxes:
- Entertainment tax
- Income tax
- House tax
- Sales tax
Classify
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Solution
| Direct Tax | Indirect Tax |
| Income tax | Entertainment tax |
| House Tax | Sales tax |
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Role of State in Economic Development
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Chapter 6: The State and Economic Development - QUESTIONS [Page 184]
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RELATED QUESTIONS
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 |
Differentiate between direct and indirect taxes.
What is meant by regressive taxation?
How does the state fulfil the following socio-economic objective?
Environmental protection.
Explain how tax can be used as an instrument to regulate consumption and production in an economy.
Explain the term Impact of a tax.
With reference to the taxation policy.
Differentiate between progressive and regressive taxes giving an example for each.
Explain the significance of taxes.
Give two examples of direct taxes.
Citing reasons state the superiority of Fostering civic consciousness by direct tax over the same by indirect tax.
