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Question
______ is an example of commercial revenues.
Options
Fees
Special assessment
Railways fares/freights
Gifts and grants
Solution
Railways fares/freights is an example of commercial revenues.
Explanation:
Railways fares/freights are examples of commercial revenues, as they are charges collected by the government or government-owned entities for providing services.
RELATED QUESTIONS
______ are those taxes which are paid by the same person on whom they have been imposed.
The government imposes tax ______.
Match the following:
| Column I | Column II | ||
| A. | Impact of tax | (i) | Price stability |
| B. | Incidence of tax | (ii) | Simple to calculate |
| C. | Objective of Monetary Policy | (iii) | Ultimate burden of tax |
| D. | Proportional tax | (iv) | Original imposition of tax |
Define Direct tax
Give one example of progressive tax.
How does the state fulfil the following socio-economic objective?
Promoting industrial growth.
Explain the term Impact of a tax.
Explain the term Incidence of a tax.
Explain the following with examples:
Progressive tax
Differentiate between progressive and regressive taxes giving an example for each.
