A tax levied at 5 percent on the first Rs. 10,000 of income, 10 percent on the next Rs 20,000 and 12 percent on the next Rs 30,000 would be:
A) progressive
B) degressive
C) regressive
D) proportional
Correct Answer:
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Q13: Value Added Tax is:
A)direct tax
B)indirect tax
C)progressive tax
D)none
Q14: In the case of direct tax, impact
Q15: The direct violation of Tax law is
Q16: The final resting place of the burden
Q17: Incidence of tax refers to:
A)initial resting place
Q19: Which of the following taxes is the
Q20: Impact of tax refers to:
A)initial resting place
Q21: Fiscal policy is the policy of:
A)rbi
B)nabard
C)government
D)all the
Q22: The principle of judging fiscal measures by
Q23: When individuals with unequal tax paying ability
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