Question

In order to boost and double India's export of goods and services to over USD 1,000 billion by 2025, it is important to lower effective corporate tax rate to bring down cost of capital and simplify regulatory and tax framework. Identify the related dimension of business environment.

Options

• Social dimension and Legal dimension

• Technological dimension and Political dimension

• Political dimension and Social dimension

• Economic dimension and Legal dimension

• Economic and Political Environment

Answer 1

Economic dimension and Legal dimension

Explanation: 

• Economic Dimension: Economic policies and factors that affect businesses include increasing exports, lowering corporate tax rates, and lowering capital costs.
• Legal Dimension: Simplifying the regulatory and tax structure highlights how legal rules, tax laws, and government regulations effect company.