Podcast
Questions and Answers
What is one of the advantages of indirect taxes?
What is one of the advantages of indirect taxes?
- Causing a concentration of wealth in a few hands
- Increasing unemployment rates
- Creating regional disparities
- Revenue generation (correct)
Which of the following is NOT a purpose or effect of taxation?
Which of the following is NOT a purpose or effect of taxation?
- Increasing unemployment rates (correct)
- Preventing concentration of wealth in a few hands
- Redistributing wealth for common goods
- Boosting the economy
How do indirect taxes help in reducing regional disparities?
How do indirect taxes help in reducing regional disparities?
- By funding infrastructural developments in all regions equally
- By concentrating wealth in a few regions
- By removing regional disparities (correct)
- By increasing unemployment rates in specific regions
Why are goods and services considered essential in an economy?
Why are goods and services considered essential in an economy?
What is one of the disadvantages of indirect taxes?
What is one of the disadvantages of indirect taxes?
How does taxation help prevent the concentration of wealth in a few hands?
How does taxation help prevent the concentration of wealth in a few hands?
What is one advantage of Indirect taxes mentioned in the text?
What is one advantage of Indirect taxes mentioned in the text?
Why are indirect taxes considered convenient?
Why are indirect taxes considered convenient?
How do indirect taxes relate to the costs of products and services?
How do indirect taxes relate to the costs of products and services?
Which group is exempt from income tax according to the text?
Which group is exempt from income tax according to the text?
What is an implication of indirect taxes being easy to collect?
What is an implication of indirect taxes being easy to collect?
Why do high-income earners contribute more through indirect taxes?
Why do high-income earners contribute more through indirect taxes?
What is the purpose of charging lower rates of tax on basic necessities and higher rates on luxury items?
What is the purpose of charging lower rates of tax on basic necessities and higher rates on luxury items?
What is a disadvantage of Indirect taxes related to cumulativeness?
What is a disadvantage of Indirect taxes related to cumulativeness?
How can Indirect taxes be regressive in nature according to the text?
How can Indirect taxes be regressive in nature according to the text?
Why is Indirect Tax considered not industry friendly according to the text?
Why is Indirect Tax considered not industry friendly according to the text?
What happened to different types of indirect taxes in India after the implementation of GST?
What happened to different types of indirect taxes in India after the implementation of GST?
What is the purpose of Excise Duty in India according to the text?
What is the purpose of Excise Duty in India according to the text?
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