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प्रश्न
Define the following term:
Fiscal deficit
उत्तर
Fiscal deficit refers to the total borrowings requirements of the government to finance its budget deficit (i.e. excess of government expenditure over government revenue).
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संबंधित प्रश्न
______ is an example of commercial revenues.
______ are those taxes which are paid by the same person on whom they have been imposed.
Taxes in which the rate of tax remains the same, though the tax bases changes are called ______.
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 |
Differentiate between direct and indirect taxes.
To which tax is this shifting of tax burden relevant?
Classify the following type of tax into direct and indirect taxes:
House tax
What are progressive taxes.
Explain the state's role in achieving the objective of social justice in less developed countries.
Citing reasons state the superiority of Fostering civic consciousness by direct tax over the same by indirect tax.
