10 Questions
What is the term used for a basic income that is sufficient to meet a person's basic needs?
Full basic income
Which term refers to a social welfare proposal where all citizens regularly receive a minimum income without a means test or need to work?
Guaranteed minimum income
Which program in Brazil is concentrated on the poor and can be considered a quasi-basic income program?
Bolsa Familia
What type of payments were sent to citizens by some countries in response to the economic impact of the COVID-19 pandemic?
Direct payments
Which term refers to a system that is essentially a basic income for guardians of children, although it is not unconditional?
Child benefit
What is the main focus of Chapter 1 of the text?
Comprehending the meaning of tax and types of taxes
What is the purpose of the Income-tax Act, 1961 mentioned in the text?
To provide the legal framework for income tax in India
What does the text refer to as an important term used in the Income-tax Act, 1961?
Assessee
What is the significance of determining residential status in the context of income tax?
It impacts the tax liability of an individual
What is the purpose of computing income under each head as mentioned in the text?
To categorize different sources of income for tax assessment
Test your knowledge on Universal Basic Income (UBI) with this quiz! Explore the concept of providing all citizens with a regular, unconditional income, and learn about its potential impact on society and the economy.
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