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प्रश्न
Explain the significance of taxes.
थोडक्यात उत्तर
उत्तर
- Taxes are helpful in regulating the level of economic activity.
- They help in reducing inequalities of income and wealth.
- They provide resources for economic development.
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Role of State in Economic Development
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संबंधित प्रश्न
Under ______ the rate of tax increases with rise in tax payer's income.
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 |
Which of the statement is true for income tax?
Distinguish between fiscal policy and monetary policy.
Define Direct tax
What is meant by regressive taxation?
Explain how tax can be used as an instrument to regulate consumption and production in an economy.
State the four merits of a direct tax.
Explain briefly two merits of indirect tax.
Citing reasons state the superiority of Progressive tax over regressive tax.
