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 (D)</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 (A)</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 (D)</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 (A)</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 (D)</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 (C)</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 (D)</p> Signup and view all the answers

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