Question
How many total sections are included in the new Income
Tax (No. 2) Bill, 2025?Solution
The Income Tax (No. 2) Bill, 2025, which replaces the Income Tax Act, 1961, contains 536 sections and 16 schedules. This comprehensive restructuring incorporates nearly all of the 285 recommendations made by the Select Committee and aims to simplify, modernize, and clarify India’s direct tax regime.
The "liquidity trap" refers to a situation where:
If price of all commodities rise in the same proportion then,
Expansionary fiscal policy in the classical model will cause aggregate demand to-----potential output?
Which school of economic thought suggested that one possible cause of inflation was a ‘push’ from the cost side?
The 'Trickle-Down Theory' in economics is most associated with the effects of:
In two commodity worlds if one good is inferior then the other must be
When the slope of average cost is negative then which of the following holds true?
What is the Capital to RiskWeighted Assets Ratio (CRAR) of scheduled commercial banks (SCBs) as of end March 2024 according to the Financial Stability R...
The concept of vicious circle of poverty is associated with
If the total revenue from sales of X is given by the equation R=100Q-2Q^2. What is the point elasticity of demand when MR=20
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