MCQOPTIONS
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| 1. |
Why are the indirect taxes termed regressive taxing mechanism? |
| A. | They are charged at higher rate than direct taxes |
| B. | They are charged at the same rates for all income groups |
| C. | They are charged at a lower rate than direct taxes |
| D. | None of these |
| Answer» C. They are charged at a lower rate than direct taxes | |