UPPCS · Question 95
According to the Economic Survey 2022-23, what fiscal policy response did the Government of India undertake in response to the aggravated global supply disruptions? 1. Decreasing food and fertiliser subsidies 2. Increasing taxes on fuel and imported products 3. Reducing taxes on fuel and certain imported products Select the correct answer from the codes given below.
Show answer & explanation
Answer: (A) Only 3
Explanation
The government cut excise duty on petrol/diesel and customs duties on some imports, and raised (not cut) food and fertiliser subsidies.