Question:
The government has recently abolished the windfall tax on which products?
The government has recently abolished the windfall tax on which products?
Updated On: June 02, 2025
- Food Products
- Petrol, diesel, aviation fuel, and crude oil
- Pharmaceuticals
- None of the Above
Hide Solution
Verified By Collegedunia
The Correct Option is B
Solution and Explanation
The Indian government abolished the windfall tax on key petroleum products like petrol, diesel, aviation fuel, and crude oil. The windfall tax was initially imposed to tax the excess profits of oil companies during periods of high global oil prices. The move to abolish it aims to reduce fuel prices and ease inflationary pressures. Changes in windfall taxes can have a significant impact on domestic fuel prices and overall inflation, making it an important government policy tool.
Was this answer helpful?
0
0
Top Questions on General Awareness
- In India, the Chairperson of the Permanent House is
- KMAT KERALA - 2025
- Current Affairs
- General Awareness
- UNICEF stands for
- KMAT KERALA - 2025
- Current Affairs
- General Awareness
- Currently, the Election Commission of India consists of
- KMAT KERALA - 2025
- Current Affairs
- General Awareness
- The ratio of width of the Indian national Flag to its length is
- KMAT KERALA - 2025
- Current Affairs
- General Awareness
- The National Anthem of India, Jana-Gana-Mana, was originally composed by Rabindranath Tagore in
- KMAT KERALA - 2025
- Current Affairs
- General Awareness
View More Questions
Questions Asked in KMAT KERALA exam
- Seven friends P, Q, R, S, T, U, and V sit on a bench facing north. Each of them is of a different weight (in kg), their random bodily weights are 79, 83, 85, 87, 89, 92, and 96. The following information is known about them:
- P sits third to the right of the heaviest person.
- The heaviest person sits exactly between R and the lightest person, who sits at an end.
- The third lightest person sits adjacent to R and that person is neither P nor adjacent to P.
- Q sits third to the left of the person whose weight is the next higher to R.
- R’s weight is neither 83 kg nor 87 kg.
- P’s weight is neither 92 kg nor 79 kg.
- T’s weight is 83 kg.
- S is heavier than V but is not the heaviest.
Who is the third lightest?- KMAT KERALA - 2025
- Number Series
- A group of five people, namely A, B, C, D, and E are sitting in a row facing north. The following information is known about them:
(i) Only D is sitting between A and B.
(ii) Neither A nor B is at the ends.
(iii) C is sitting to the immediate left of B.
Who is sitting at the right end of the row?- KMAT KERALA - 2025
- Number Series
- Statement: Summer vacation is necessary for school children.
Conclusions:
I. School children should help parents in their everyday activities.
II. School children need rest in the hot summer.
Which of the following is the correct answer?- KMAT KERALA - 2025
- Logical Reasoning
- What is the population of state A?
Statements:
I. Population of state A is 60% of the population of state B.
II. Population of States A and B together is 10 crores.- KMAT KERALA - 2025
- Percentage
- If every book buyer has a good reading habit and everyone with good reading habit visits libraries, can we infer that all who visit libraries are book buyers?
- KMAT KERALA - 2025
- Number Series
View More Questions
