2. Questions Bank
  3. UPSC
  4. Economics
  5. Business and Foreign Trade / व्यापार और विदेश व्यापार

UPSC Economics Business and Foreign Trade / व्यापार और विदेश व्यापार Question Bank Fiscal and Monetary Policy

  • question_answer
          Which of the following taxes is the one by which the revenue collected rises proportionally with income?
    1. Regressive tax  
    2. Progressive tax
    3. Corporate tax  
    4. Proportional tax

    A) 1 only

    B)                                2 only

    C) 3 only              

    D)        4 only

    Correct Answer: D

    Solution :

    Proportional tax is one by which the revenue collected rises proportionally with income. A- Tax system could be made approximately proportional by having a uniform rate of income tax with very few exemptions, and indirect taxes levied at similar rates on as many goods and services as possible


You need to login to perform this action.
You will be redirected in 3 sec spinner