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Question
Give two examples of direct taxes.
Answer in Brief
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Solution
Examples of direct tax are as follows:
- Income tax
- Corporate tax
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Role of State in Economic Development
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Chapter 6: The State and Economic Development - QUESTION BANK [Page 187]
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RELATED QUESTIONS
The essential feature of a tax.
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 |
Distinguish between fiscal policy and monetary policy.
Define direct tax
Define a degressive tax.
Briefly explain why direct taxes foster civic consciousness among people.
Explain how indirect taxes can be inflationary.
Explain clearly tour ways by which the state can promote economic growth and development.
How does the state fulfil the following socio-economic objective?
Environmental protection.
State two differences between income tax and commodity tax.
