Question : Comprehension:
In the following passage some words have been deleted. Read the passage carefully and select the most appropriate option to fill in each blank.

Following in the footsteps of France, Italy has (1)_____ a new tax to be (2)_____ on large tech companies, a move that is likely to put more strain on the country's relations with the USA. The Italian parliament has approved a 3 % digital tax on some digital revenue of technology companies that make over $831 million in global revenue, including at least $6 million in Italy. The tax (3)_____ similar to the one France implemented earlier this year, which has attracted (4)_____ criticism from the USA. According to a report in The Epoch Times, dozens of countries are working on proposals to change corporate tax schemes to (5)_____ money from tech firms that have users across the world, such as Facebook and Google's parent company Alphabet.

Select the most appropriate option to fill in the blank number 4.

Option 1: severe

Option 2: mild

Option 3: critical

Option 4: firm

Question : Comprehension:
In the following passage, some words have been deleted. Read the passage carefully and select the most appropriate option to fill in each blank.

Following in the footsteps of France, Italy has (1)_____ a new tax to be (2)_____ on large tech companies, a move that is likely to put more strain on the country's relations with the USA. The Italian parliament has approved a 3 % digital tax on some digital revenue of technology companies that make over $831 million in global revenue, including at least $6 million in Italy. The tax (3)_____ similar to the one France implemented earlier this year, which has attracted (4)_____ criticism from the USA. According to a report in The Epoch Times, dozens of countries are working on proposals to change corporate tax schemes to (5)_____ money from tech firms that have users across the world, such as Facebook and Google's parent company Alphabet.

Select the most appropriate option to fill in the blank number 3.

Option 1: are

Option 2: is

Option 3: were

Option 4: have

Question : Comprehension:
In the following passage, some words have been deleted. Read the passage carefully and select the most appropriate option to fill in each blank.
Following in the footsteps of France, Italy has (1)_____ a new tax to be (2)_____ on large tech companies, a move that is likely to put more strain on the country's relations with the USA. The Italian parliament has approved a 3 % digital tax on some digital revenue of technology companies that make over $831 million in global revenue, including at least $6 million in Italy. The tax (3)_____ similar to the one France implemented earlier this year, which has attracted (4)_____ criticism from the USA. According to a report in The Epoch Times, dozens of countries are working on proposals to change corporate tax schemes to (5)_____ money from tech firms that have users across the world, such as Facebook and Google's parent company Alphabet.

Select the most appropriate option to fill in the blank number 1.

Option 1: accepted

Option 2: declined

Option 3: approved

Option 4: favoured

Question : Comprehension:
In the following passage, some words have been deleted. Read the passage carefully and select the most appropriate option to fill in each blank.

Following in the footsteps of France, Italy has (1)_____ a new tax to be (2)_____ on large tech companies, a move that is likely to put more strain on the country's relations with the USA. The Italian parliament has approved a 3 % digital tax on some digital revenue of technology companies that make over $831 million in global revenue, including at least $6 million in Italy. The tax (3)_____ similar to the one France implemented earlier this year, which has attracted (4)_____ criticism from the USA. According to a report in The Epoch Times, dozens of countries are working on proposals to change corporate tax schemes to (5)_____ money from tech firms that have users across the world, such as Facebook and Google's parent company Alphabet.

Select the most appropriate option to fill in the blank number 5.

Option 1: take

Option 2: remove

Option 3: seize

Option 4: capture

Question : Comprehension:
In the following passage, some words have been deleted. Read the passage carefully and select the most appropriate option to fill in each blank.

Following in the footsteps of France, Italy has (1)_____ a new tax to be (2)_____ on large tech companies, a move that is likely to put more strain on the country's relations with the USA. The Italian parliament has approved a 3 % digital tax on some digital revenue of technology companies that make over $831 million in global revenue, including at least $6 million in Italy. The tax (3)_____ similar to the one France implemented earlier this year, which has attracted (4)_____ criticism from the USA. According to a report in The Epoch Times, dozens of countries are working on proposals to change corporate tax schemes to (5)_____ money from tech firms that have users across the world, such as Facebook and Google's parent company Alphabet.

Select the most appropriate option to fill in the blank number 2.

Option 1: crossed

Option 2: levied

Option 3: placed

Option 4: exercised

Question : Identify the incorrect equation.

Option 1: Revenue receipts = Tax revenue (net of State's share) less non-tax revenue

Option 2: Gross fiscal deficit = Total expenditure - (Revenue receipts + Non-debt creating capital receipts)

Option 3: Gross primary deficit = Gross fiscal deficit - Net interest liabilities

Option 4: Revenue deficit = Revenue expenditure - revenue receipts