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Questions
Explain the term Incidence of a tax.
What is meant by incidence of taxation?
Answer in Brief
Solution
Incidence means the final resting place of a tax. The incidence is on the person who ultimately bears the money burden of the tax.
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Role of State in Economic Development
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RELATED QUESTIONS
Instrument of monetary policy is:
Monetary policy means regulation of money supply by the monetary authority.
Which of the statement is true for income tax?
Classify the following type of tax into direct and indirect taxes:
Entertainment tax
Which one is better progressive or regressive taxation and why?
State two drawbacks of direct taxes.
State two differences between income tax and commodity tax.
Discuss four fiscal policy objectives with reference to India.
Give two examples of direct taxes.
Define the following term:
Fiscal deficit
