Question
Download Solution PDFAccording 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:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe Correct answer is Option 1.
Key Points
- According to the Economic Survey 2022-23, in response to aggravated global supply disruptions, the Government of India implemented a fiscal policy that reduced taxes on fuel and certain imported products.
- Hence Only 3 is Correct.
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