| I. Government expenditure to be cut by 20% per annum |
| II. Devaluation of rupee by 22%. |
| III. Excise duty to be increased by 40% .Q |
| IV. Custom duty to be cut drastically from the peak of 130% to 30% |
A) II & IV
B) I & II
C) III & IV
D) Only II
Correct Answer: A
Solution :
Government expenditure to be cut by 10% per annum, Devaluation of rupee by 22%, Excise duty to be increased by 20% so as to neutralize the effect of lodd of revenue dur to custom cut, Custom duty to be cut drastically from the peak of 130% to 30%
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