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Aptitude Test Topic: General Knowledge

General Knowledge Section consists of MCQs on World Geography, Atmosphere, Science and Literature, events, Current Affairs, Pakistan Affairs, and International Organizations.

Directions

The following are questions on Your General Knowledge. Select the correct option to represent your answer.

To give the answer click/tap the option alphabet for your answer choice. for correct answer green check and for wrong answer a red cross will appear along with a button to show explanation with or without video of the question answer.

General Knowledge: Economics Practice MCQ

Question Statement:

Why the Indirect taxes are termed regressive taxing mechanisms?

They are charged at higher rates than direct taxes

They are charged the same for all income groups

They are not charged the same for all income groups

None of the above is a correct reason

Explanation:

Correct Answer: B

The indirect taxes like VAT etc are paid by everyone if they buy any product irrespective of financial conditions. Direct taxing is considered the mos

Question: 1 Test: 1 of 2 Next Test

Tests

You are taking Aptitude Test No. 1

Each aptitude test is comprised of 10 except the last test which might have fewer than 10 in some topics.

You are at question (MCQ) number 1 and Test Number 1 of General Knowledge: Economics. To deal with General Knowledge questions, you must take lesson on the subject. In case of science and Art subjects revise your text books and in case of general aptitude topics take lessons from the topic page.

The question: Why the Indirect taxes are termed regressive taxing mechanisms? .... with options: They are charged at higher rates than direct taxes, They are charged the same for all income groups , They are not charged the same for all income groups, None of the above is a correct reason can be solved with the concepts and understanding of General Knowledge.