Directions: In the following five items, each item consists of six sentences of a passage. The first and sixth sentences are given at the beginning as S1 and S6. The four sentences in between S1 and S6 in each question have been jumbled up and labelled as P, Q, R, and S. You are required to find the proper sequence of the four sentences and mark your response accordingly on the Answer Sheet.
S1 : Income inequality in less-developed countries is worse than most estimates.
S6 : The tax regime in these countries needs to be progressive and futuristic.
P : There is a staggering level of difference between the income metrics and the actual income of the prosperous in such countries.
Q : The effective tax rates are not really progressive with regard to income.
R : They need to be reengineered to bring into the tax net the enormous sums of 'missing' income.
S : They are even less so with regard to wealth.
This questions was previously asked in
EPFO EO AO 2023
Explanation:
- S1 introduces the topic of income inequality being worse than estimated.
- Q begins the explanation by discussing ineffective progressive tax rates concerning income.
- S follows logically, indicating these rates are even less progressive concerning wealth.
- P highlights the discrepancy between reported income metrics and actual income among the wealthy.
- R concludes the argument by suggesting a reengineering of the tax system to capture missing income.
Option 2 (QSPR) is correct
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By: Parvesh Mehta