Q231. With reference to India’s decision to levy an equalization tax of 6% on online advertisement services offered by non-resident entities, which of the following statements is/are correct? 1. It is introduced as a part of the Income Tax Act. 2. Non-resident entities that offer advertisement services in India can claim a tax credit in their home country under the “Double Taxation Avoidance Agreements”. Select the correct answer using the code given below :

With reference to the expenditure made by an organization or a company, which of the following statements is/are correct? 1. Acquiring new technology

With reference to Indian economy, consider the following statements: 1. A share of the household financial savings goes towards government borrowings.

Which one of the following effects of the creation of black money in India has been the main cause of worry to the Government of India?

In the context of the Indian economy, non-financial debt includes which of the following? 1. Housing loans owed by households 2. Amounts outstanding o

Consider the following statements: 1. Tax revenue as a percent of GDP of India has steadily increased in the last decade. 2. Fiscal deficit as a perce

There has been a persistent deficit budget year after year. Which action/actions of the following can be taken by the Government to reduce the deficit

Which of the following is/are included in the capital budget of the Government of India? 1. Expenditure on acquisition of assets like roads, buildings

With reference to the sectors of the Indian economy, consider the following pairs: | Economic activity | Sector | | :--- | :--- | | 1. Storage of agr