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…

Question

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:

PYQPulse · Accepted Answer

Only 3

PYQPulse · Answer

Explanation: According to the Economic Survey 2022-23 , the Government of India responded to global supply disruptions by: Reducing taxes on fuel (e.g., excise duty on petrol and diesel) and Lowering tariffs on certain imported products to mitigate inflation and ensure supply chain stability. Statements 1 and 2 are incorrect as the government increased subsidies on food and fertilizers to support citizens and did not increase taxes on fuel.

Answer: A. Only 3

Explanation

Answer: A. Only 3

Explanation