D. Automatic increase in tax revenue due to inflation
Answer: Option D
Solution (By JKSSB Mock Tests)
Fiscal drag occurs when inflation pushes taxpayers into higher tax brackets, increasing tax revenue without any change in tax rates, acting as an automatic stabiliser.
Explanation:
Major sources of central government revenue include corporation tax, personal income tax, and the central share of GST, along with customs and other duties.
In the context of competition policy for digital markets, 'Killer Acquisitions' refer to:
A.Only horizontal mergers among equals
B.Acquisitions of innovative start-ups by dominant incumbents with the aim of discontinuing the target’s innovation to protect the incumbent’s market position
C.Only conglomerate mergers without any competitive effect
Explanation:
Killer acquisitions occur when a dominant firm acquires a potential competitor primarily to eliminate the competitive threat posed by the target’s product or technology rather than to develop it.
No comments yet. Be the first to start the discussion!