Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) General Knowledge Economy

An income tax will be progressive if

1
Marginal rate of tax is greater than the average rate of tax.
2
Marginal rate of tax is less than the average rate of tax.
3
Marginal rate of tax is equal to the average rate of tax.
4
Marginal rate of tax is zero.
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