Indirect taxes are generally
...Indirect taxes are generally
Progressive
Regressive
Equitable
Proportionate
Correct answer is B
Indirect taxes: An indirect tax is a tax levied on goods and services rather than on income or profits. indirect taxes are regressive in nature. They are consumption based taxes, service tax, value added tax,customs and excise duty etc are examples of Taxes are regressive when they impose a harsher burden on the poor than on the rich.
A major advantage of specialization and division of labour is that ...
A vertical supply curve indicates that ...
One disadvantage of sole proprietorship is its ...
The supply curve of a locally-produced good may shift to the right if ...
Which of the following is a condition necessary ...
Which of the following is not a function of money? ...
Which of the following is NOT a measure for controlling inflation? ...
The following are rewards for factors of production EXCEPT ...
Economic problem arise in all society because? ...
A tax on a commodity whose demand is perfectly inelastic will fall heavily on the ...