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MCQ 1 Which is the primary reason for excise duty cuts not reducing fuel prices?
A. High domestic demand
B. Government revenue loss
C. Compensation to OMCs
D. Export restrictions
Answer: C
Explanation: The excise duty cut is being used to offset losses faced by Oil Marketing Compan
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10 MCQs covering India's strategic policies, Zojila Pass, Strait of Hormuz, ethanol policy, and geopolitical autonomy. Test your knowledge on current international and national events.
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