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:

2 June Shift 1

Identify which of the following statements are correct?

(A) Fiscal deficit is the difference between total revenue and total expenditure excluding borrowing of the government.

(B) Fiscal deficit is the difference between total planned expenditure and total planned receipts of the government.

(D) Fiscal deficit is the sum of primary deficit and interest payment.

Choose the correct answer from the options given below:

CUET Economics 2023 Slot 6

Match List I with List II

Choose the correct answer from the options given below:

30 May Shift 1

Arrange the steps involved in preparation of the government budget.

(A) Discussion and approval by the parliament.

(B) Preparation of budget by the Ministry of Finance.

(D) Approval by the Cabinet.

Choose the correct answer from the options given below:

CUET Economics PYQs