Which of the following is the characteristic of progressive tax?(1) Marginal tax rate should be increasing.(2) Marginal tax rates should be more than average tax rate.Select the correct answer using the code given below :

Which of the following is the characteristic of progressive tax?(1) Ma

1.	Which of the following is the characteristic of progressive tax?(1) Marginal tax rate should be increasing.(2) Marginal tax rates should be more than average tax rate.Select the correct answer using the code given below :
A.	1 only
B.	2 only
C.	Both 1 and 2 only
D.	Neither 1 nor 2
Answer» D. Neither 1 nor 2

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Which of the following is the characteristic of progressive tax?(1) Marginal tax rate should be increasing.(2) Marginal tax rates should be more than average tax rate.Select the correct answer using the code given below :

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