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प्रश्न
Wealth tax is an example of:
पर्याय
Direct tax
Indirect tax
Proportional tax
Degressive tax
उत्तर
Direct tax
Explanation:
Wealth tax is imposed on an individual's wealth, and that individual is required to pay the tax. A direct tax is one in which both the impact and the burden fall on the same individual.
APPEARS IN
संबंधित प्रश्न
______ are those taxes which are paid by the same person on whom they have been imposed.
Monetary policy means regulation of money supply by the monetary authority.
Observe the relationship of the first pair of words and complete the second pair:
Tax paid by person on whose it is imposed : Direct tax.
A tax is paid by some person and the final burden is born by some other person : ______.
The following table indicates:
| Tax Base in ₹ | Rate of tax in % |
| 10,000 | 8 |
| 20,000 | 8 |
| 30,000 | 8 |
| 40,000 | 8 |
Name any two instruments of Fiscal Policy.
Classify the following type of tax into direct and indirect taxes:
Income tax
Classify the following type of tax into direct and indirect taxes:
Sales tax
An indirect tax can be made progressive by imposing higher tax rates on luxuries. Justify the above statement.
Draw a neat labelled diagram for progressive taxation.
Explain briefly two merits of indirect tax.
