09. from the set of statements given in the column land column II. choose the
correct pair of statements:
Column
la) progressive lax
Column
(1) Rate of tax decreases with an increase in income
(b) revenue expenditure (0) Impacts of asset- liability status of the government
ic wealth lax
tiii An indirect lax
idRovemu delicii
(lv) Revenue expenditure - revenue receipts
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Answer:
(1) Rate of tax decrease with an increase in income
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