CUET Economics - Pick out the incorrect one : | PYQs + Solutions

CUET Economics

Macro

Easy

The least expensive rate of tax or exemption is applied to essential item

One percent increase in 5% GST slab will yield Rs 50,000 crores annually

Gold and jewellery attract 5% tax

GST council decides the charges in tax slabs of GST

✅ Correct Option: 3

Related questions:

16 May Shift 1

Identify the objectives of government budget from the following.

(A) Opening bank accounts of people.

(B) Economic Stability.

(D) Redistribution of income

Choose the correct answer from the options given below:

3 June Shift 2

Arrange the following events in chronological order as per the time period.

(A) Gender Budgeting.

(B) Fiscal Responsibility and Budget Management Act.

(D) Goods and Service Tax.

Choose the correct answer from the options given below:

16 May Shift 1

Due to recessionary pressure in an economy, suppose the government plans a deficit budget for a given financial year.

Identify the correct sequence in which this will affect the economy.

(A) Taxes will be reduced, and public spending will increase.

(B) GDP will start rising.

(D) The purchasing power of the people will increase.

Choose the correct answer from the options given below:

CUET Economics PYQs