Q. What will you call a system of taxation under which the poorer sections are taxed at higher rates than the richer sections?
A) Proportional tax
B) Progressive tax
C) Degressive tax
D) Regressive tax
✔ Correct Answer: Regressive tax
Exam Insight
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A) Proportional tax
B) Progressive tax
C) Degressive tax
D) Regressive tax
✔ Correct Answer: Regressive tax
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