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Consider the following statements about taxation :1. A proportional taxation system is meaningful when there is minimal income inequality among the tax base.2. A progressive taxation system can be beneficial to the low-income segment when there is significant income inequality among the tax base.3. Taxes that are applied to the value of transactions are considered proportional taxes, as high and low-income segments pay the same amount of tax.Which of the above statements are correct ?a)1 and 2 onlyb)1 and 3 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements about taxation :1. A proportional taxation system is meaningful when there is minimal income inequality among the tax base.2. A progressive taxation system can be beneficial to the low-income segment when there is significant income inequality among the tax base.3. Taxes that are applied to the value of transactions are considered proportional taxes, as high and low-income segments pay the same amount of tax.Which of the above statements are correct ?a)1 and 2 onlyb)1 and 3 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements about taxation :1. A proportional taxation system is meaningful when there is minimal income inequality among the tax base.2. A progressive taxation system can be beneficial to the low-income segment when there is significant income inequality among the tax base.3. Taxes that are applied to the value of transactions are considered proportional taxes, as high and low-income segments pay the same amount of tax.Which of the above statements are correct ?a)1 and 2 onlyb)1 and 3 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer?.

Solutions for Consider the following statements about taxation :1. A proportional taxation system is meaningful when there is minimal income inequality among the tax base.2. A progressive taxation system can be beneficial to the low-income segment when there is significant income inequality among the tax base.3. Taxes that are applied to the value of transactions are considered proportional taxes, as high and low-income segments pay the same amount of tax.Which of the above statements are correct ?a)1 and 2 onlyb)1 and 3 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

Here you can find the meaning of Consider the following statements about taxation :1. A proportional taxation system is meaningful when there is minimal income inequality among the tax base.2. A progressive taxation system can be beneficial to the low-income segment when there is significant income inequality among the tax base.3. Taxes that are applied to the value of transactions are considered proportional taxes, as high and low-income segments pay the same amount of tax.Which of the above statements are correct ?a)1 and 2 onlyb)1 and 3 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Consider the following statements about taxation :1. A proportional taxation system is meaningful when there is minimal income inequality among the tax base.2. A progressive taxation system can be beneficial to the low-income segment when there is significant income inequality among the tax base.3. Taxes that are applied to the value of transactions are considered proportional taxes, as high and low-income segments pay the same amount of tax.Which of the above statements are correct ?a)1 and 2 onlyb)1 and 3 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer?, a detailed solution for Consider the following statements about taxation :1. A proportional taxation system is meaningful when there is minimal income inequality among the tax base.2. A progressive taxation system can be beneficial to the low-income segment when there is significant income inequality among the tax base.3. Taxes that are applied to the value of transactions are considered proportional taxes, as high and low-income segments pay the same amount of tax.Which of the above statements are correct ?a)1 and 2 onlyb)1 and 3 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of Consider the following statements about taxation :1. A proportional taxation system is meaningful when there is minimal income inequality among the tax base.2. A progressive taxation system can be beneficial to the low-income segment when there is significant income inequality among the tax base.3. Taxes that are applied to the value of transactions are considered proportional taxes, as high and low-income segments pay the same amount of tax.Which of the above statements are correct ?a)1 and 2 onlyb)1 and 3 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Consider the following statements about taxation :1. A proportional taxation system is meaningful when there is minimal income inequality among the tax base.2. A progressive taxation system can be beneficial to the low-income segment when there is significant income inequality among the tax base.3. Taxes that are applied to the value of transactions are considered proportional taxes, as high and low-income segments pay the same amount of tax.Which of the above statements are correct ?a)1 and 2 onlyb)1 and 3 onlyc)2 and 3 onlyd)1, 2 and 3Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice UPSC tests.