Advertisements
Advertisements
Question
Identify the tax which is most likely to faster civic conciousness.
Options
Property tax
Entertainment tax
Goods and Services tax
Customs duty
Advertisements
Solution
Property tax
Explanation:
Property tax is a tax levied on real estate, such as land and buildings. It is directly linked to the ownership of property within a community.
APPEARS IN
RELATED QUESTIONS
The state can promote economic development by ______.
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 |
Name any two instruments of Fiscal Policy.
State two objectives of fiscal policy.
Distinguish between fiscal policy and monetary policy.
'The role of the State is important in developing the economic infrastructure of a developing economy'. Give two reasons to support your answer.
Explain the term Impact of a tax.
Explain the term Incidence of a tax.
Explain the state's role in achieving the objective of social justice in less developed countries.
Define the following term:
Fiscal deficit
