The 'Base Erosion and Profit Shifting' concerns tax avoidance by: MCQ with Answer and Explanation

Question

Share Report Error

The 'Base Erosion and Profit Shifting' concerns tax avoidance by:

A. individual employees

B. non-profit organizations

C. government departments

D. multinational enterprises shifting profits to low-tax jurisdictions

Answer: Option D

Solution (By JKSSB Mock Tests)

BEPS involves multinational enterprises shifting profits to low-tax jurisdictions.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

The 'Goods and Services Tax' on port services is:

A. 18%

B. 5%

C. 28%

D. 12%

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
Port services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Index of Industrial Production' is released by:

A. Ministry of Finance

B. NITI Aayog

C. RBI

D. Ministry of Statistics and Programme Implementation

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
IIP is released by the Ministry of Statistics and Programme Implementation.

This question belongs to: Economy GK Economy Set 1

Question #3

In the context of cost curves, the Average Fixed Cost (AFC) curve is:

A. Rectangular hyperbola

B. Upward sloping

C. Horizontal

D. U-shaped

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
Average Fixed Cost falls continuously as output increases and the AFC curve is a rectangular hyperbola.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs