Which of the following is an example of a progressive tax system feature? MCQ with Answer and Explanation

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Which of the following is an example of a progressive tax system feature?

A. Tax rate independent of income

B. Higher tax burden on lower income groups

C. Higher tax rate on higher income slabs

D. Same tax rate for all income levels

Answer: Option C

Solution (By JKSSB Mock Tests)

A progressive tax system imposes higher marginal tax rates on higher income levels, increasing the average tax rate as income rises.

This question belongs to: Economy GK Economy Set 1

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The 'KUSUM' scheme aims to promote:

A. solar power in agriculture

B. nuclear power

C. wind energy in industries

D. biogas in urban areas

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Correct Answer: Option A

Explanation:
PM-KUSUM promotes solar power in agriculture including solar pumps and grid-connected solar plants.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Pradhan Mantri Ujjwala Yojana' was launched by which ministry?

A. Ministry of Health

B. Ministry of Women and Child Development

C. Ministry of Rural Development

D. Ministry of Petroleum and Natural Gas

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Correct Answer: Option D

Explanation:
PMUY is implemented by the Ministry of Petroleum and Natural Gas.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'World Economic Forum' publishes which index?

A. Corruption Perceptions Index

B. Global Competitiveness Index

C. Human Development Index

D. Logistics Performance Index

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Correct Answer: Option B

Explanation:
WEF publishes Global Competitiveness Index.

This question belongs to: Economy GK Economy Set 1

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