The Indian Government has levied windfal

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Target Exam

CUET

Subject

General Test

Chapter

General Knowledge

Topic

Economics

Question:

The Indian Government has levied windfall profit tax in 2022 on which of the following item(s)?

Options:

domestically produced crude oil

exported diesel

domestically produced crude oil and exported diesel

cigarettes and alcohol

Correct Answer:

domestically produced crude oil and exported diesel

Explanation:

India first imposed windfall profit taxes on July 1 2022, joining a growing number of nations that taxed supernormal profits of energy companies.