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Universal Basic Income Quiz
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Universal Basic Income Quiz

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Questions and Answers

What is the term used for a basic income that is sufficient to meet a person's basic needs?

  • Full basic income (correct)
  • Child benefit
  • Partial basic income
  • Pension
  • Which term refers to a social welfare proposal where all citizens regularly receive a minimum income without a means test or need to work?

  • Pension
  • Partial basic income
  • Guaranteed minimum income (correct)
  • Child benefit
  • Which program in Brazil is concentrated on the poor and can be considered a quasi-basic income program?

  • Bolsa Familia (correct)
  • Pension
  • Child benefit
  • Thamarat Program
  • What type of payments were sent to citizens by some countries in response to the economic impact of the COVID-19 pandemic?

    <p>Direct payments</p> Signup and view all the answers

    Which term refers to a system that is essentially a basic income for guardians of children, although it is not unconditional?

    <p>Child benefit</p> Signup and view all the answers

    What is the main focus of Chapter 1 of the text?

    <p>Comprehending the meaning of tax and types of taxes</p> Signup and view all the answers

    What is the purpose of the Income-tax Act, 1961 mentioned in the text?

    <p>To provide the legal framework for income tax in India</p> Signup and view all the answers

    What does the text refer to as an important term used in the Income-tax Act, 1961?

    <p>Assessee</p> Signup and view all the answers

    What is the significance of determining residential status in the context of income tax?

    <p>It impacts the tax liability of an individual</p> Signup and view all the answers

    What is the purpose of computing income under each head as mentioned in the text?

    <p>To categorize different sources of income for tax assessment</p> Signup and view all the answers

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