Goyal Brothers Prakashan solutions for Economics [English] Class 10 ICSE chapter 10 - Public Revenue [Latest edition]

______ is a non-tax revenue.

______ are the receipts by way of prices paid for government produced goods and services.

Identify administrative revenue from the following:

The essential feature of a tax. 

______ is an example of commercial revenues.

______ are those taxes which are paid by the same person on whom they have been imposed. 

The government imposes tax ______.

Which of the following is an advantage of direct taxes?

Under ______ the rate of tax increases with rise in tax payer's income. 

Taxes in which the rate of tax remains the same, though the tax bases changes are called ______.

______ are levied on the value of the commodities.

The ______ is on the person who pays it in the first instance.

______ is mixture of proportional and progressive tax system.

The revenue derived by the government from public enterprises is also known as ______.

Income tax is an example of ______.

License fee is an example of ______.

Goods and Services Tax (GST) is an example of ______.

Define public revenue.

Give two main features of a tax.

Differentiate between tax revenue and non-tax revenue.

What is the difference between the impact of taxation and incidence of taxation?

What is the difference between price and tax?

Mention any two purposes of taxation.

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

Which are the sources of public revenue?

Define Direct tax

Give any two examples of direct tax.

Define Indirect tax

What is the difference between the impact of taxation and incidence of taxation?

Direct taxes are progressive in nature. Briefly explain.

State two differences between income tax and commodity tax.

Classify the following type of tax into direct and indirect taxes:

Sales tax

Classify the following type of tax into direct and indirect taxes:

Income tax

State whether the following is a direct or an indirect tax:

Wealth tax

State whether the following is a direct or an indirect tax:

Excise duty

State the four merits of a direct tax.

Explain any five demerits of direct tax.

What are the merits of an indirect tax?

State the following:

Three demerits of an Indirect tax.

Differentiate between progressive taxation and proportional taxation.

Explain the term proportional taxation.

What are progressive taxes.

Give one example of progressive tax.

Indirect taxes are regressive in nature. How can they be made progressive?

What is a degressive tax? 

Define a degressive tax.

Distinguish between a tax and a fee.

Give any two examples of direct tax.

Distinguish between a tax and a subsidy.

How can tax be used as an instrument to bring about equitable distribution of wealth and income?

Progressive taxation is suitable for the Indian economy. Give reasons to support your answer.

How can tax be used as an instrument to bring about equitable distribution of wealth and income?

A special virtue of indirect taxes is that they sometimes help in social reforms. Explain.

What do you mean by Goods and Services Taxes?

When was GST implemented?

Indirect taxes are regressive in nature. How can they be made progressive?

Give any five points of difference between direct and indirect tax.

Mention any two examples of administrative renenue.

Explain any five characteristics of the tax.

What are the merits of an indirect tax?

Give any five points of difference between direct and indirect tax.

State the four merits of a direct tax.

Explain any five demerits of direct tax.

What are the merits of an indirect tax?

State the following:

Three demerits of an Indirect tax.

Differentiate between progressive taxation and proportional taxation.

What are the merits of an indirect tax?

State the following:

Three demerits of an Indirect tax.

Define a tax.

State the four merits of a direct tax.

Define a tax.

Give any five points of difference between direct and indirect tax.

Give any five points of difference between direct and indirect tax.

Explain the meaning of the following term:

Impact

Explain the meaning of the following term:

Shifting

Explain the meaning of the following term:

Incidence

To which type of tax are the terms Impact, Shifting, and Incidence relevant?

What are the merits of an indirect tax?

State the following:

Three demerits of an Indirect tax.

Define public revenue.

Define a tax.

Give two main features of a tax.

Define Direct tax

Give any two examples of direct tax.

Define Indirect tax

Give an example of Indirect tax.

What is the difference between the impact of taxation and incidence of taxation?

Distinguish between a tax and a fee.

What are progressive taxes.

Give one example of progressive tax.

What are proportional taxes?

What is meant by regressive taxation?

What is a degressive tax? 

Define a degressive tax.

Give any five points of difference between direct and indirect tax.

Differentiate between tax revenue and non-tax revenue.

Giving reasons classify the following into direct and indirect tax:

Wealth tax

Classify the following type of tax into direct and indirect taxes:

Income tax

Giving reasons classify the following into direct and indirect tax:

GST

How can tax be used as an instrument to bring about equitable distribution of wealth and income?

State the four merits of a direct tax.

Explain any five demerits of direct tax.

What are the merits of an indirect tax?

State the following:

Three demerits of an Indirect tax.

What do you mean by Goods and Services Taxes?

Differentiate between progressive taxation and proportional taxation.

What is the difference between price and tax?

Define a tax.

Explain two merits of progressive tax structure.

Explain two demerits of progressive tax structure.

State two differences between income tax and commodity tax.

Indirect taxes are regressive in nature. How can they be made progressive?

Distinguish between a tax and a subsidy.

GST will lead to better tax compliance. Do you agree?

Define a tax.

Give any five points of difference between direct and indirect tax.