A proportional tax is one where: MCQ with Answer and Explanation

Question

Share Report Error

A proportional tax is one where:

A. only high incomes are taxed

B. the average tax rate is constant across income levels

C. the tax rate falls with income

D. the tax rate rises with income

Answer: Option B

Solution (By JKSSB Mock Tests)

A proportional tax applies the same tax rate to all income levels.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

The 'Transparency International' publishes which index?

A. Corruption Perceptions Index

B. Human Development Index

C. Ease of Doing Business Index

D. Logistics Performance Index

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
Transparency International publishes Corruption Perceptions Index.

This question belongs to: Economy GK Economy Set 1

Question #2

The e-way bill under GST is required for the movement of goods with a value exceeding:

A. Rs 10,000

B. Rs 2,00,000

C. Rs 1,00,000

D. Rs 50,000

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
An e-way bill is required for movement of goods valued above Rs 50,000.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Pension Fund Regulatory and Development Authority' is a:

A. statutory body

B. government department

C. constitutional body

D. private company

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
PFRDA is a statutory body established under the PFRDA Act, 2013.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs