Advertisements
Advertisements
Question
Which of the following taxes generate civic consciousness among people?
Options
GST
Custom duty
Income tax
Entertainment tax
Solution
Income tax
Explanation:
Income tax is likely to generate civic consciousness among people because it directly involves citizens in the process of contributing to the nation's revenue.
APPEARS IN
RELATED QUESTIONS
Which of the following is an advantage of direct taxes?
Fiscal policy means public expenditure and tax policy of the government.
Monetary policy means regulation of money supply by the monetary authority.
Identify the tax which is most likely to faster civic conciousness.
State two objectives of fiscal policy.
Define Direct tax
Define a degressive tax.
What is meant by shifting of tax burden?
Classify the following type of tax into direct and indirect taxes:
House tax
Explain how tax can be used as an instrument to regulate consumption and production in an economy.