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Test # 600 [21-Feb-2018]


1.
Many a times we read in the financial newspapers about a term " Progressive Tax System". Consider the following statements in this context:
1. Progressive tax is harsher on the poor sections of the society
2. In Progressive tax, average tax rate is less than the marginal tax rate
Which among the above statements is / are correct?

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601 [22-Feb-2018] 602 603 604 605 606 607 608 609 610 611 612 613 614 615 616 [09-Mar-2018] 617 618 619 620 621 622 623 624 625 626 627 628 629 630 631 [24-Mar-2018] 632 633 634 635 636 637 638 639 640 641 642 643 644 645 646 [08-Apr-2018] 647 648 649 650

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