The 'Permanent Establishment' concept in international taxation determines: MCQ with Answer and Explanation

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The 'Permanent Establishment' concept in international taxation determines:

A. where a foreign enterprise has taxable presence

B. permanent residency of individuals

C. permanent bank accounts

D. permanent employment

Answer: Option A

Solution (By JKSSB Mock Tests)

Permanent establishment determines a foreign enterprise's taxable presence in a country.

This question belongs to: Economy GK Economy Set 1

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Question #1

The e-NAM platform is a national network for:

A. banking transactions

B. railway booking

C. agricultural marketing

D. tax payments

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Correct Answer: Option C

Explanation:
e-NAM is an electronic national agricultural market platform to integrate agricultural mandis.

This question belongs to: Economy GK Economy Set 1

Question #2

Disinvestment refers to:

A. purchase of private sector equity by the government

B. sale of government equity in public sector enterprises

C. borrowing from the IMF

D. foreign investment in defence

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Correct Answer: Option B

Explanation:
Disinvestment is the sale of government equity in public sector enterprises.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Sarva Shiksha Abhiyan' was launched in:

A. 2001

B. 2010

C. 2005

D. 1995

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Correct Answer: Option A

Explanation:
Sarva Shiksha Abhiyan was launched in 2001.

This question belongs to: Economy GK Economy Set 1

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