(Comprehension) India's fiscal policy response to the covid crisis combined increasing food and fertilizer subsidies with a reduction in taxes on fuel and certain imported products; the fiscal position recovered on the back of buoyant direct-tax and GST revenues and continued capex. Which of the following strategies was not comprised in India's fiscal policy response to the covid crisis?
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Indian public finance and the Union Budget has come up 80 times in 6 exams since 2011.
This question is on Composition of central taxes, spending and subsidies, part of Indian public finance and the Union Budget in Indian Economy.
Where the Centre's money comes from and goes.
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Question from the UGC-NET 2023 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.