Question

Which of the following statements best describes the principle of progressive taxation?

A Everyone pays the same percentage of income as tax.
B Higher income earners pay a higher percentage of their income as tax.
C Tax is levied uniformly on all goods and services.
D Tax is levied only on consumption and not on income.
E A flat tax rate is applied to all individuals regardless of income.
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)