Millionaire Mode

RC Step - 5

Question 1 of 12

Which of the following statements would explain the phrase “dug its own grave” in the above context?

Directions: Answer the question based on the following passage.

The reduction in personal and corporate tax rates came as a Christmas present for the common man. People believe that high taxes were hindering growth of industry and business and added to the miseries of the common man. The government is not enthused by the public response and feels that in trying to earn public goodwill it has dug its own grave.

  1. The government realized that there might be a hue and cry for further reductions.
  2. The tax reduction was supposed to be a temporary gimmick designed to pull in public vote at the ensuing elections.
  3. The government expected lukewarm response to the measures and strong criticism from the opposition for doling out public money.
  4. The government will have to curtail its unproductive expenses to bear the losses.

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000