Download App

Public Revenue — Economics STD 10 — Question

ICSE BoardEnglish MediumSTD 10EconomicsPublic Revenue1 Mark
Question
What is meant by digressive tax system?
###
What is digressive tax? Give an example.
✓

Answer

Under this system the rate of tax increases slowly (slowly progressive) up to certain point, and after that point the tax is charged at a flat rate. Income tax in India is a digressive tax.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "[1 Mark Question Answer]" from Public Revenue→Public Revenue — all question types→Economics STD 10 question papers→ICSE Board STD 10 question papers→ICSE Board question paper generator→

Similar questions

What is meant by direct tax? Give examples.
→
What is public revenue?
→
Give two factors responsible for the shift of the demand curve to the right.###Mention any two factors that cause a rightward shift of the demand curve.
→
State the law of supply.
→
Define perfect competition (or perfect market).
→
What is meant by primary deposits?
→
Define simple division of labour.
→
What are time deposits?
→
What is meant by barriers to entry?
→
What is supply function?
→