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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?

Direct payments 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?

Child benefit Signup and view all the answers

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

Comprehending the meaning of tax and types of taxes Signup and view all the answers

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

To provide the legal framework for income tax in India Signup and view all the answers

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

Assessee Signup and view all the answers

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

It impacts the tax liability of an individual Signup and view all the answers

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

To categorize different sources of income for tax assessment Signup and view all the answers

Universal Basic Income Quiz

Choose a study mode

Podcast

Questions and Answers

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

Which term refers to a social welfare proposal where all citizens regularly receive a minimum income without a means test or need to work?

Which program in Brazil is concentrated on the poor and can be considered a quasi-basic income program?

What type of payments were sent to citizens by some countries in response to the economic impact of the COVID-19 pandemic?

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

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

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

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

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

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

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