Static Business Awareness For Tissmat

Q. Which one of the following is an example of a price floor?
1) Minimum Support Price (MSP) for Jowar in India
2) Subsidy given to farmers to buy fertilizers
3) Price paid by people to buy goods from ration shops
4) Maximum Retail Price (MRP) printed on the covers/ packets of goods sold in India

Q. The value of the slope of a normal demand curve is –
1) positive
2) negative
3) zero
4) infinity

Q. The term Operation Twist is related to –
1) Renewable energy
2) Debt Restructuring
3) Currency Crisis
4) Quantitative Easing

Q. Regional Comprehensive Economic Partnership (RCEP) is a proposed pact between ASEAN and –
1) China, Japan and South Korea
2) Australia, New Zealand and India
3) Both (A) and (B)
4) Neither (A) nor (B)

Q. ……. is the largest creditor nation in the world.
1) Japan
2) Germany
3) China
4) Saudi Arab

Q. Trade Adjustment Assistance is a term that is associated with –
1) Industrialisation
2) Globalisation
3) Capital flow
4) Current Account Deficit

Q. Effective Corporate tax (including the base rate, cess, surcharge, dividend distribution tax and any other addition tax) is highest in –
1) France
2) Brazil
3) India
4) Japan

Q. Composition Scheme under GST is applicable to businesses with a turnover up to –
1) Rs. 1.0 crore
2) Rs. 1.5 crore
3) Rs. 2.0 crore
4) Rs. 2.5 crore

Q. Akhilesh Ranjan Panel on Direct Tax Code recommended highest rate of income tax at 35% for the annual income above –
1) Rs. 2 crore
2) Rs. 1.5 crore
3) Rs. 1.0 crore
4) Rs. 0.50 crore