The case study clearly states that gold and gold jewellery attract 3% tax, not 5%. Hence the statement about 5% on gold is incorrect.
Pick out the incorrect one :
CUET UG 2022 — Economics Macro
2022mcqeasy
Pick out the incorrect one :
Official previous-year question
Verified 13 Jul 2026.
Options
- A
The least expensive rate of tax or exemption is applied to essential item
- B
One percent increase in 5% GST slab will yield Rs 50,000 crores annually
- C
Gold and jewellery attract 5% tax
- D
GST council decides the charges in tax slabs of GST
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