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Questions
Give an example of Indirect tax.
Give two examples of indirect tax.
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Solution
Here are some examples of indirect taxes:
- Goods and Services Tax (GST).
- Excise Duty.
- Customs Duty
Notes
Students should refer to the answer according to their questions and based on their preferred marks.
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RELATED QUESTIONS
Fiscal policy means public expenditure and tax policy of the government.
The following table indicates:
| Tax Base in ₹ | Rate of tax in % |
| 10,000 | 8 |
| 20,000 | 8 |
| 30,000 | 8 |
| 40,000 | 8 |
Wealth tax is an example of:
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 |
Read the following statements carefully and choose the correct alternative:
Assertion (A): Income tax is a direct tax.
Reason (R): GST is an indirect tax.
Define Indirect tax
Give two reasons why the government imposes tax?
How does the state fulfil the following socio-economic objective?
Reducing income inequality.
State the four merits of a direct tax.
Citing reasons state the superiority of Fostering civic consciousness by direct tax over the same by indirect tax.
