Question
Which among the following is a Progressive Tax?
Solution
Income tax is a progressive tax, meaning that the tax rate increases as a person's income increases. In a progressive tax system, individuals with higher incomes are subject to higher tax rates, which is designed to distribute the tax burden more equitably based on one's ability to pay.
Nitin Gupta has been reappointed as chairman of which of the following?
The cost of unit assistance is shared between Central and State Governments in the ratio ________ in plain areas and 90:10 for North Eastern and hilly s...
Consider the following statements.
Assertion (A): Real GDP provides a better picture of the economy than nominal GDP.
Reason (R): Real G...
Consider the following statements regarding National Gokul Mission:
I. It is being implemented for the development and conservation of indigenous...
What was the main objective of the Pradhan Mantri Awaas Yojana-Gramin (PMAY-G)?
DICGC is a wholly-owned subsidiary of ____________.
Which bank inaugurated the 'Mookkannoor Mission', an initiative under the Swachh Bharat Abhiyan, on the 106th birth anniversary of its Founder?
Which of the following best describes the term ‘import cover’, sometimes seen in the news?
Identify the correct statement about e-Rupee?
I- It is developed by RBI.
II- It is as good as digital currency.
III- It is a prepai...
Which one of the following is not a tax/duty levied by the Government of India?
