New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    In 2023, Indian farmers were implicitly taxed a

    significant amount through export restrictions and price policies. What was this estimated tax amount?
    A $90 billion Correct Answer Incorrect Answer
    B $100 billion Correct Answer Incorrect Answer
    C $110 billion Correct Answer Incorrect Answer
    D $120 billion Correct Answer Incorrect Answer
    E $130 billion Correct Answer Incorrect Answer

    Solution

    According to the OECD report, Indian farmers faced an implicit tax of $120 billion in 2023, primarily due to export restrictions and policies that reduced agricultural commodity prices.

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