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    Question

    Consider the following statements in regards to budget 2023-24:

    1.Capital investment outlay is being increased steeply by 33% to Rs 10 lakh crore

    2.The Government intends to bring the fiscal deficit below 4.5 per cent of GDP by 2024-25

    3.Taxes on cigarettes increased by 16 per cent

    Which of the following statements is/are correct?

    A 1 & 2 Correct Answer Incorrect Answer
    B 2 & 3 Correct Answer Incorrect Answer
    C 1 & 3 Correct Answer Incorrect Answer
    D All Correct Answer Incorrect Answer
    E None Correct Answer Incorrect Answer

    Solution

    Capital investment outlay is being increased steeply by 33% to Rs 10 lakh crore. The Government intends to bring the fiscal deficit below 4.5 per cent of GDP by 2025-26. The duty hike on cigarettes by 16 per cent announced in the Union Budget 2023-24 would have a nominal impact of around 7-12 paise per stick.

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