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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
Taxes in which the rate of tax remains the same, though the tax bases changes are called ______.
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 |
Identify the tax which is most likely to faster civic conciousness.
The following table indicates:
| Tax Base in ₹ | Rate of tax in % |
| 10,000 | 8 |
| 20,000 | 8 |
| 30,000 | 8 |
| 40,000 | 8 |
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 |
Briefly explain why direct taxes foster civic consciousness among people.
Give one example of progressive tax.
State two drawbacks of direct taxes.
How does the state fulfil the following socio-economic objective?
Environmental protection.
Define the following term:
Fiscal deficit
