AIR 95 · CSE 2025 · GS3 · 56 pages

Hassan Khan: GS3 answer copy

20 answers by Hassan Khan, as written in the test. Each question opens a page with how other toppers answered it.

The questions

The answers

Question 1 · 10 marks · 118 words written

What do you understand by Windfall tax? Do you think that windfall taxes can effectively redistribute wealth and promote greater economic equality?

Opening · a date or context

In 2022, Government of India imposed windfall tax on crude oil production and processing companies in wake of windfall profits.

The windfall tax is a tax that is levied upon the companies that get substantial increase in their profits not due to their enterprising decisions, but due to changing market situations.

Body · points

  • Windfall tax : a tool for redistributing wealth

→ 1) As all taxes are part of government's mechanism to redistribute the resources in economy, so is the windfall tax. → 2) Windfall tax redistributes the excessive profit attained by companies to the government, that in turn uses it for social welfare spending.

→ 3) It redistributes the economic wealth and promotes the economic equity in society.

Close · no separate close

None written.