Download App

Public Revenue — Economics STD 10 — Question

ICSE BoardEnglish MediumSTD 10EconomicsPublic Revenue1 Mark
Question
What is Proportional tax?
✓

Answer

A tax is called proportional when the rate of taxation remains constant as the income of the taxpayer increases.

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 public debt?
→
What is meant by shift in supply curve (or change in supply)?###What do you understand by shifts of the supply curve?
→
The income eamed by an entrepreneur is residual in nature. Explain.
→
Improved technology affects the productivity of land. Explain this statement with the help of suitable examples.
→
What is meant by primary deposits?
→
Define simple division of labour.
→
When is the demand of a commodity said to be inelastic?
→
What is meant by contraction of supply?
→
Define public expenditure.
→
Write one secondary function of money.
→