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Question
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 |
Options
A. (iv), B. (iii), C. (i), D. (ii)
A. (iii), B. (iv), C. (ii), D. (i)
A. (iv), B. (ii), C. (i), D. (iii)
A. (ii), B. (i), C. (iii), D. (iv)
Solution
A. (iv), B. (iii), C. (i), D. (ii)
Explanation:
| Column I | Column II | ||
| A. | Impact of tax | (iv) | Original imposition of tax |
| B. | Incidence of tax | (iii) | Ultimate burden of tax |
| C. | Objective of Monetary Policy | (i) | Price stability |
| D. | Proportional tax | (ii) | Simple to calculate |
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RELATED QUESTIONS
Taxes in which the rate of tax remains the same, though the tax bases changes are called ______.
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 |
Classify the following type of tax into direct and indirect taxes:
Sales tax
Give an example of Indirect tax.
Give two reasons why the government imposes tax?
Which one is better progressive or regressive taxation and why?
Draw a neat labelled diagram for progressive taxation.
How does the state fulfil the following socio-economic objective?
Promoting industrial growth.
Define the following term:
Fiscal deficit
Citing reasons state the superiority of Fostering civic consciousness by direct tax over the same by indirect tax.
