Items under 5% tax slab includes Option 1: Fuel Option 2: Gold ornaments Option 3: Packaged food items Option 4: Luxury and sin goods

The answer is 'Packaged food items'. View full solution:

CUET Economics - Items under 5% tax slab includes | PYQs + Solutions

CUET Economics

Macro

Easy

Fuel

Gold ornaments

Packaged food items

Luxury and sin goods

✅ Correct Option: 3

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28 May Shift 2

The month in which the Goods and Services Tax became operational.

13 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Public Provision	(I) No feasible way to deny anyone to use public goods.
(B) Stabalisation Function	(II) Goods are produced directly by the government.
(C) Non-Excludable	(III) Financed through the budget and can be used without any direct payment.
(D) Public Production	(IV) Whether to expand demand or reduce it.

Choose the correct answer from the options given below:

CUET Economics 2023 Slot 1

Revenue Receipts in the government budget include :

(A) Government Borrowings

(B) Tax Revenue

(D) Dividends earned by government on its investment

Choose the correct answer from the options given below :