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2008 India Current Affairs & Banking

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Which of the following is not a major highlight of the Union Budget 2008-09 ?

  1. A target of Rs. 2·80 lakhs crore is fixed for providing credit to agriculture sector.
  2. Limit of the Banking Cash Transaction Tax is raised from present 1% to 1·5%.
  3. PAN requirement is not mandatory for financial transactions. Other Ids are also acceptable.
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A
Only 1
💡 Explanation:

In the 2008-09 budget, the agriculture credit target was indeed a major highlight. However, the Banking Cash Transaction Tax was actually abolished, not raised, and PAN requirements were generally tightened, not relaxed.

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