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Questions
Name any two instruments of Fiscal Policy.
What are the main instruments of fiscal policy? Name them.
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Solution
Taxation Policy and Expenditure Policy are the main instruments of fiscal policy.
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RELATED QUESTIONS
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 |
The major objective of monetary policy is ______.
State the difference between income tax and expenditure tax.
Briefly explain why direct taxes foster civic consciousness among people.
What is meant by regressive taxation?
Give two reasons why the government imposes tax?
How does the state fulfil the following socio-economic objective?
Promoting industrial growth.
Define a tax.
Explain the state's role in achieving the objective of social justice in less developed countries.
Explain how indirect taxes can be made progressive.
