(English Medium) ICSE Class 10 - CISCE Question Bank Solutions for Economic Applications

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.

How does the state fulfil the following socio-economic objective?

Promoting industrial growth.

How does the state fulfil the following socio-economic objective?

Environmental protection.

Define a tax.

State two differences between income tax and commodity tax.

Explain how tax can be used as an instrument to regulate consumption and production in an economy.

Discuss four fiscal policy objectives with reference to India.

State the four merits of a direct tax.

State three demerits of an Indirect tax.

Suggest the remedies to overcome problems faced by public sector enterprises. 

Explain the term Impact of a tax.

Explain the term Incidence of a tax.

Explain the following with examples:

Progressive tax

With reference to the taxation policy.

Differentiate between progressive and regressive taxes giving an example for each.

Explain the significance of taxes.

Give two examples of direct taxes.

Explain briefly two merits of indirect tax.

Explain the state's role in achieving the objective of social justice in less developed countries.