Question
Higher oil price-led inflation will bring back into focus the high excise duties on petroleum products that have __________the Centre’s tax kitty over the past couple of years. Those duties were raised when prices were low to __________consumers from an upward price shock, the government had argued. Cutting those duties will upset _________calculations, but leaving them untouched will impose its own costs.
Answer: Option E
Answer: (e)Option (e) is true.Annihilate means to destroy.
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Answer: (e)Option (e) is true.Annihilate means to destroy.
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