Results from our content library
AI-Powered Search
Sign in to search for any topic in our content library — get answers, related past year questions, and practice MCQs on the topic.
Sign in to searchA-Category MCQs -39
PRERNA FOR IAS
(ASSOCIATE OF SAMKALP)
A-Category MCQs -39
Q1. Increase in commercial LPG and diesel prices mainly leads to:
(a) Reduction in inflation
(b) Lower business costs
(c) Indirect increase in service prices
(d) Increase in exports
Answer: (c)
Explanation: Commercial LPG and diesel are widely used in transport, hotels, restaurants, and logistics. When their prices rise, businesses face higher operating costs. These costs are usually passed on to consumers through higher prices of goods and services. Even if petrol prices remain unchanged, overall inflationary pressure builds. This shows how fuel pricing has a broad impact on the economy beyond direct household use.
Q2. Record GST collection primarily reflects:
(a) Reduction in tax rates
(b) Weak economic activity
(c) Strong compliance and economic growth
(d) Decline in consumption
Answer: (c)
Sign up free to read the full article
Free accounts include 5 articles every month across current affairs, state notes, subject notes and more — upgrade anytime for unlimited access.
Master current affairs with 10 MCQs covering LPG prices, GST collection, Gaza conflict, insurgency, energy transition, election repolling, and disaster technology.
Keywords