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प्रश्न
Distinguish between fiscal policy and monetary policy.
State one important difference between fiscal and monetary policy.
फरक स्पष्ट करा
उत्तर
| Sr. No. | Fiscal Policy | Monetary Policy |
| 1. | Fiscal policy is the policy of taxation and government expenditure. | Monetary policy is the policy of central bank to control the supply of money and credit in the economy. |
| 2. | Fiscal policy affects the overall expenditure in the economy. | Changes in money supply and credit lead to change in interest rates. |
| 3. | Its instruments are: taxes, public debt, deficit financing and govt. expenditure. | Its instruments are: Bank rate, open market operations, CRR, SLR, margin requirement etc. |
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Notes
Students should refer to the answer according to their questions.
Role of State in Economic Development
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
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संबंधित प्रश्न
______ are those taxes which are paid by the same person on whom they have been imposed.
Under ______ the rate of tax increases with rise in tax payer's income.
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 |
State the difference between income tax and expenditure tax.
Classify the following type of tax into direct and indirect taxes:
House tax
Give an example of Indirect tax.
Which one is better progressive or regressive taxation and why?
Draw a neat labelled diagram for progressive taxation.
Define a tax.
Explain the following with examples:
Progressive tax
