Business Environment — Important Questions
Telangana Open School (TOSS) · Class 12 · Business Studies
42 important questions from Business Environment for Telangana Open School (TOSS) Class 12 Business Studies, with answers.
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Important Questions from Business Environment
When was the Goods and Services Tax (GST) implemented in India?
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July 1, 2017
GST was implemented in India on July 1, 2017, replacing multiple indirect taxes with a unified tax system.
Which of the following is part of the economic environment?
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Gross Domestic Product (GDP)
Economic environment includes measurable economic factors like GDP, per capita income, and capital availability.
What is one benefit of GST for businesses?
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Elimination of tax on tax
GST eliminates the cascading effect of taxes by allowing input tax credit, thus removing tax on tax.
Which campaign aims to improve digital literacy in rural India?
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Digital India
Digital India aims to connect rural areas with high-speed internet and improve digital literacy across the country.
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