Question Details

Detailed explanation and options for the selected question.

What is the primary goal of a progressive tax system?

A. To reduce government revenue
B. To provide subsidies
C. To ensure higher income earners pay a larger share of taxes
D. To equalize wages

Explanation:

A progressive tax system ensures that higher income earners pay a larger proportion of their income as tax. It is not aimed at reducing revenue, providing subsidies, or equalizing wages.

Related Topics

Tourism-Led Growth Strategies

Revision Notes

Startup Financing and Angel Investments

Revision Notes

Skill Development Missions

Revision Notes

National Infrastructure Pipeline (NIP)

Revision Notes

Regional Comprehensive Economic Partnerships (RCEP) Withdrawal

Revision Notes

Digital Rupee and Central Bank Digital Currency (CBDC)

Revision Notes

Inflation and Price Stability

Revision Notes

Social Sector Reforms: Health and Education

Revision Notes

Health Sector: Financing and Delivery

Revision Notes

Ayushman Bharat and Healthcare Access

Revision Notes