12th Class Economics Liberalisation, Privatisation and Globalisation Question Bank Case Based MCQs - Liberalisation, Privatisation and Globalisation

  • question_answer
    Which of the following factor is incorrect with regard to the growth of service sector during the reform period?

    A) Availability of cheap and skilled labour

    B) Growth of IT sector and spill over effects on the use of internet, telecommunications, mobile phones etc.

    C) Huge inflow of foreign capital and investments

    D) Increased tax rates on foreign investments with no tax holidays

    Correct Answer: D

    Solution :

    Increased tax rates on foreign investments with no tax holidays


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