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Monetary Policy

Quick practice

Question 1 of 5

Consider the following statements


1. Proportional Taxation is a method in which the rate of tax will also increase with the increase of income of the person.


2. Progressive Taxation is a method by where the rate of tax is the same regardless the size of the income


3. Regressive Taxation takes more money from poor than from rich


Select the incorrect statements

A

2 and 3 only

B

1 and 2 only

C

All the above

D

1 and 3 only

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