(i) With suitable examples, distinguish between Direct Tax and Indirect Tax.
(ii) Responding to the Prime Minister's 'Give it Up Campaign', a large number of Indian families have voluntarily surrendered their cooking gas subsidy. Identify and explain the objective behind this action taken by the Government of India.
(i) With suitable examples, distinguish between Direct Tax and Indirect Tax.
(ii) Responding to the Prime Minister's 'Give it Up Campaign', a large number of Indian families have voluntarily surrendered their cooking gas subsidy. Identify and explain the objective behind this action taken by the Government of India.
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Solution and Explanation
Distinction between Direct Tax and Indirect Tax:
(ii) Objective of the Action: The government's objective behind the campaign was to ensure targeted subsidy distribution. The initiative aimed at encouraging financially stable households to give up their subsidies so that the benefits could reach poor and underprivileged families who truly need financial assistance for cooking gas.
Top Questions on The elasticity of demand and its measurement
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Questions Asked in GATE XH-C1 exam
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