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Questions
Name any two instruments of Fiscal Policy.
What are the main instruments of fiscal policy? Name them.
Answer in Brief
Solution
Taxation Policy and Expenditure Policy are the main instruments of fiscal policy.
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Role of State in Economic Development
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RELATED QUESTIONS
______ are those taxes which are paid by the same person on whom they have been imposed.
Instruments of fiscal policy is:
The tax whose rate remains unchanged irrespective of the income of the taxpayer is called as ______.
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 |
Define Indirect tax
Differentiate between direct and indirect taxes.
Citing reason state the advantage of a direct tax over an indirect tax.
Classify the following type of tax into direct and indirect taxes:
Entertainment tax
Define a tax.
Give two examples of direct taxes.
