Lesson
The state and Economic development
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  • Slide 1
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    The state and Economic development

    Text
  • Slide 2
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    Demerits of Indirect tax

    1. Regressive
    2. No civic consiousness
    3. Uncertain
    4. Discourage savings
    5. Inflationary
  • Question 3
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    Q.

    Indirect tax creates no civic consiousness because...

    answer choices

    tax payers are not conscious of its payment

    It is paid in small amounts

    It does not have a wide coverage

  • Question 4
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    Q.

    Indirect tax is infationary in nature because...

    answer choices

    it increases the prices of goods and services

    It does not create civic consciousness

    it discourages savings

  • Slide 5
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    Other kinds of taxes

    1. Proportional
    2. progresive
    3. Regressive
    4. Degressive
  • Question 6
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    Q.

    Tax base T1 T2 T3

    10,000 10% 2% 5%

    20,000 10% 3% 3%

    30,000 10% 5% 2%

    40,000 10% 5% 1%

  • Question 7
    Ungraded
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    Q.

    Role of taxation policy

  • Question 8
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    Q.

    Two kinds of taxes are direct tax and

    answer
    indirect tax
  • Question 9
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    Q.

    If the tax is levied on one person but paid by another person, it is called ...

    answer choices

    Direct tax

    Indirect tax

  • Slide 10
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    Difference between direct and indirect tax


  • Question 11
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    Q.

    A tax imposed on goods and services is generally

    answer choices

    direct tax

    indirect tax

  • Question 12
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    Q.

    A tax in which the burden cannot be shifted to another is called

    answer choices

    direct tax

    indirect tax

  • Slide 13
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    Merits of diect tax

    1. Economy
    2. Equity
    3. Certainty
    4. Elasticity
    5. Civic consciousness
    6. Reduction in inequality
  • Slide 14
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    Demerits of direct tax

    1. Unpopoular
    2. Inconvenience
    3. Possibility of evation
    4. Arbitrary
    5. Narrow in scope
  • Question 15
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    Q.

    Why is direct tax unpopular

    answer choices

    because it is narrow in scope

    because it has to be paid in lumpsum

    because there is a possibility of evasion

  • Question 16
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    Q.

    Why does direct tax creates civic consiousnes ?

    answer choices

    because people are more aware of the payment

    because there is more equity

    because there is possibilty of evasion

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