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Question
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 |
Options
A. (iii), B. (ii), C. (i), D. (iv)
A. (ii), B. (iii), C. (i), D. (iv)
A. (iv), B. (iii), C. (i), D. (ii)
A. (iv), B. (iii), C. (ii), D. (i)
MCQ
Match the Columns
Solution
A. (iv), B. (iii), C. (ii), D. (i)
Explanation:
| Column I | Column II | ||
| A. | Direct tax | (iv) | Impact and incidence lie on the same person |
| B. | Indirect tax | (iii) | Imposed on goods and services |
| C. | Proportional tax | (ii) | Tax rate remains constant |
| D. | Progressive tax | (i) | Tax rate increases with tax base |
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