GST is applicable on __________________ of a good.

1. Demand.
2. Supply.
3. Production.
4. All of these.

Predecessor of WTO is:

1. General Agreement on Trade and Tariff.
2. General Announcement on Trade and Tax.
3. General Agreement on Taxes and Trials.
4. None of the above.

Industries now reserved for the public sector are:

1. Defence equipment.
2. Atomic energy generation.
3. Railway transport.
4. All of the above.

Rate of which tax was reduced as per the tax reforms:

1. Income tax.
2. Corporation tax.
3. Value-added tax.
4. Property tax.

How many countries are members of WTO at present?

1. 190
2. 156
3. 153
4. 180

Private Foreign investment has increased with increase in:

1. FDI
2. FII
3. Both (a) and (b).
4. None of these.

Deregulation of the economy and to introduce the policy of laissez-faire can be achieved through:

1. Liberalisation.
2. Globalisation.
3. Privatisation.
4. None of these.

As a part of globalisation process, tariff rates were _____________ in India.

1. Raised.
2. Lowered.
3. Not changed.
4. Abolished.

The pre-condition of privatisation to be successful requires:

1. Liberalisation and de-regulation of the economy.
2. Capital markets should be sufficiently developed.
3. Both (a) and (b).
4. None of these.