Question : Burden of tax which cannot be shifted on to the others, is called
Option 1: GST
Option 2: Direct tax
Option 3: Indirect tax
Option 4: Wealth tax
Correct Answer: Direct tax
Solution : The correct answer is (b) Direct tax.
Direct taxes are imposed on individuals or entities who are responsible for paying the tax directly to the government. The burden of direct taxes cannot be easily shifted to someone else. These taxes are typically based on the taxpayer's income, profits, or wealth.
Question : ___________ refers to the tax that are imposed on property and income of individual income and their burden can not be shifted.
Option 1: Direct tax
Option 2: Indirect tax
Option 3: Non tax revenue
Option 4: Tax revenue.
Question : Fill in the blanks- _______ is a type of tax whose burden can’t be shifted.
Option 1: Capital gain tax
Option 2: GST
Option 3: Income tax
Option 4: None of the above.
Question : ______________ are those taxes which can be shifted to another person or entity.
Option 1: Tax revenue
Option 2: Non tax revenue
Option 3: Direct tax
Option 4: Indirect tax
Question : Fill in the blanks- _______ is a type of tax whose burden can be shifted.
Option 3: Excise duty
Question : What is the difference between a direct tax and an indirect tax?
Option 1: A direct tax is a tax on goods and services, while an indirect tax is a tax on income
Option 2: A direct tax is a tax on income, while an indirect tax is a tax on goods and services
Option 3: A direct tax is a progressive tax, while an indirect tax is a regressive tax
Option 4: A direct tax is a regressive tax, while an indirect tax is a progressive tax
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