Tag: social science

Quizzes (684) Questions (1162)

Questions Related to social science

Multiple choice social science tax and its importance taxation : need, principles and importance main feature of tax public revenue and taxation

To remove inequalities, the Government uses ___________.

  1. indirect taxes

  2. regressive taxes

  3. progressive taxes

  4. proportional taxes
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Progressive taxes are used as a fiscal tool to redistribute income from the wealthy to the less affluent, thereby reducing economic inequality in society.

Multiple choice social science tax and its importance taxation : need, principles and importance main feature of tax public revenue and taxation

Which of the following is a progressive tax?

  1. Income tax

  2. Sales tax

  3. Custom duty

  4. Excise duty
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Income tax is a classic example of a progressive tax because the tax rate increases as the taxpayer's income increases. Sales tax, custom duty, and excise duty are generally regressive or proportional.

Multiple choice social science tax and its importance taxation : need, principles and importance main feature of tax public revenue and taxation

An income tax system is said to be progressive ________________.

  1. if the rate of increase of the tax liability for a tax paying unit is less than the rate of increase of its income

  2. if the rate of increase of the tax liability for the tax paying unit is greater than the rate of increase of its income

  3. if the rate of increase of the tax liability for tax paying unit is equal to the rate of increase of its income

  4. if the rate of increase of the tax bears a multiplicative relation with rate of increase in income of tax paying unit
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A progressive tax system is defined by the tax rate increasing as the tax base (income) increases. This means the tax liability grows at a faster percentage rate than the income itself.

Multiple choice social science trade in agricultural produce (part - a) trade in tamil nadu trade in agricultural produce - i human geography in tamil nadu

What is called trade?

  1. Only buying of commodities

  2. Only selling of commodities

  3. Buying and selling of commodities

  4. None of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Trade may be defined as "an exchange of goods and commodities either within the country or between countries." In simple terms, buying and selling of commodities is called trade and it may be local, regional, national and international.

Multiple choice social science trade in agricultural produce (part - a) trade in tamil nadu trade in agricultural produce - i human geography in tamil nadu

Manchester of South India is _______.

  1. Delhi

  2. Coimbatore

  3. Mumbai

  4. Kolkata
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

  • Coimbatore is the 2nd largest city in Tamil Nadu, with more than 30,000 small, medium, large and tiny Industries and Textile Mills. 
  • Due to the industrial activity Coimbatore is known as Manchester of South India. The city is also known for its handloom products.