Topics:
CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books
Tax Incentives for Foreign Investors
To attract foreign investment, the government provided:
- Higher tax rates for foreign companies
- Tax incentives to foreign investors — Correct Answer
- Complete tax exemption for all companies
- Ban on domestic companies
Explanation:
Correct Answer Explanation
To attract foreign investment, tax incentives were provided to foreign investors.
Key Points:
- This further reduced the scope for raising tax revenues.
- Had a negative impact on developmental and welfare expenditures.
📚 About this Topic — CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL
This multiple choice question is from CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL to strengthen your preparation.
