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Question
Which of the following taxes generate civic consciousness among people?
Options
GST
Custom duty
Income tax
Entertainment tax
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Solution
Income tax
Explanation:
Income tax is likely to generate civic consciousness among people because it directly involves citizens in the process of contributing to the nation's revenue.
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RELATED QUESTIONS
The government imposes tax ______.
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 |
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.
Citing reason state the advantage of a progressive tax over proportional tax.
Citing reason state the advantage of a direct tax over an indirect tax.
Draw a neat labelled diagram for progressive taxation.
Explain clearly tour ways by which the state can promote economic growth and development.
How does the state fulfil the following socio-economic objective?
Reducing income inequality.
Explain the term Impact of a tax.
