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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
A policy under which the government uses its expenditure and revenue to produce desirable effect and avoid undesirable effects on the national income, production and employment. This defines ______.
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 |
Define direct tax
State the difference between income tax and expenditure tax.
Classify the following type of tax into direct and indirect taxes:
House tax
Briefly explain why direct taxes foster civic consciousness among people.
Which one is better progressive or regressive taxation and why?
How does the state fulfil the following socio-economic objective?
Promoting industrial growth.
Define a tax.
State two differences between income tax and commodity tax.
