Explanation

• As of 2020, Singapore’s economic freedom score is 89.4, making it the world’s freest economy in the 2020 Index. Singapore is ranked 1st among 42 countries in the Asia-Pacific region, and its overall score is well above the regional and world averages.
  

Explanation

Explanation

NIKKEI is the Share Price Index of the Tokyo Share Market.

It is also known as Nikkei 225, the Nikkei index.

Nihon Keizai Shinbun newspaper calculating the NIKKEI Index since 1950.

Explanation

Top 5 countries of world having longest network of Oil and Gas pipelines:

1. USA

2. Russia

3. Canada

4. China

5. Australia 

Explanation

Explanation

Taxes law budget is presented by Finance Minister 

A budget is a calculation plan, usually but not always financial

Sale budget taxes an estimate of future sales, often broken down into both units 

Revenue budget taxes consists of revenue receipts of government and the expenditure met from these revenues

SH16-8-2023

Explanation

The term franchise means the ability and right of someone to vote in an election.

The universal Adult Franchise means that all citizens who are 18 years and above are free to vote.

Explanation

Explanation

• Economic planning refers to the process of allocating resources and making decisions to achieve economic goals and objectives.
• It involves setting priorities, allocating resources, and coordinating efforts to achieve efficient use of resources and promote economic growth and development.

Explanation

A free trade agreement reduces barriers to imports and exports between countries by eliminating all or most tariffs, quotas, subsidies, and prohibitions.