Question

Why is the government providing tax incentive to companies in manufacturing sector?

• A. For better infrastructure
• B. For tax deductions on emoluments paid to new employees
• C. To create new job opportunities and to initiate project `Make in India'
• D. to create new job opportunities and to initiate project Standup India
• E. to encourage firms to step up hiring new skilled employees

Answer 1

The correct option is C To create new job opportunities and to initiate project `Make in India'

In the second last passage it is mentioned that the government has been providing tax incentives to companies in the manufacturing sector, including tax deductions on emoluments paid to new employees, to encourage firms to step up hiring and create jobs under its Make in India initiative.