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Indian Economy MCQ
1. In a progressive tax , the following statements holds true:?
(A): (A) Yield from Income tax increases as the national income increases.
(B): (B) Yield from income tax decreases as the national income increases
(C): (C) Yield from income tax does not alter as the national income increases
(D): (D) Yield from income tax may increase or decrease as the national income increases
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