General Knowledge - General Knowledge:

Economics

MCQ - 1418-6677

Question:

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
They are charged the same for all income groups

Correct Answer: B

Explanation:

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

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2091 MCQ for effective preparation of the test of Economics of General Knowledge section.

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