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Question
Observe the relationship of the first pair of words and complete the second pair:
Tax paid by person on whose it is imposed : Direct tax.
A tax is paid by some person and the final burden is born by some other person : ______.
Options
Proportional tax
Indirect tax
Progressive tax
Regressive tax
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Solution
A tax is paid by some person and the final burden is born by some other person : Indirect tax.
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RELATED QUESTIONS
Under ______ the rate of tax increases with rise in tax payer's income.
Which of these taxes is most likely to be progressive?
Which of the following taxes generate civic consciousness among people?
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 |
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