Tax

Direct tax is called direct because it is collected directly from

Identify the statement which is incorrect about GST?

Identify the objective by imposing heavy taxes on production units engaged in producing harmful product like liquor, cigrattes etc.

During recession when GDP falls, disposable income falls less sharply and consumption does not drop as much as it otherwise would have fallen, had the tax liability been fixed. Ideutify the correct statements in context of this.
A) The proportional tax acts as an automatic stabiliser- a shock absorber.
B) When GDP rises, disposable income rises by greater than the rise in GDP.
C) Proportional tax makes consumer spending more sensitive to fluctuations.
D) This reduces the fall in aggregate demand and stabilises the economy.
Choose the correct answer from the options given below:

Direct tax is called direct because it is collected directly from ________.

Match List I with List II

List I		List II
A.	Revenue Tax Receipts	I.	Govt. Employee Received Salary
B.	Revenue Non Tax Receipts	II.	Govt. received income tax from individual
C.	Revenue Plan Expenditure	III.	Govt. received license fee
D.	Non-Plan Revenue Expenditure	IV.	Govt. school students received and day meal

Choose the correct answer from the options given below :

When total utility remains constant the value of marginal utility is __________.

Goods and services tax became operational from _________.