Question : Fill in the blanks- ______ refers to reforms in government taxation and public expenditure policies.
Option 1: Monetory policy
Option 2: Direct taxes
Option 3: Indirect taxes
Option 4: Tax reforms.
Correct Answer: Tax reforms.
Solution : Tax reforms refers to reforms in government’s taxation and public expenditure policies. It is collectively known as fiscal policy. Hence Option D is correct.
Question : Case Study 3:
PQR Enterprises is a retail company that has been affected by changes in government policies related to taxation. The company needs to adapt its operations to comply with the new policies and minimize the impact on its profitability.
Q:- What is the business environment factor affecting PQR Enterprises in this case?
Option 1: Economic environment
Option 2: Technological environment
Option 3: Government policies
Option 4: Social environment
Question : Statement 1: The New Economic Policy of 1991 aimed at liberalizing India's industrial policies.
Statement 2: The New Economic Policy encouraged foreign investment and globalization.
Option 1: Both statements are true.
Option 2: Both statements are false.
Option 3: Statement 1 is true, and statement 2 is false.
Option 4: Statement 1 is false, and statement 2 is true.
Q:- Which dimension of the business environment is highlighted in this case?
Option 2: Social environment
Option 3: Technological environment
Option 4: Political environment
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