Question
Which revenue system in colonial India was based on the
direct settlement with the cultivators, reflecting certain aspects of the Ricardian theory of rent?Solution
The Ryotwari system, implemented in parts of British India, involved direct settlement with the cultivators, who paid taxes directly to the government. This system reflected aspects of the Ricardian theory of rent, emphasizing direct economic relationships between the state and the cultivators without intermediaries.
On a graph for a monopolist or monopolistic competitor, which of the following curves coincide?
The equation for a supply curve is P = 3Q – 8. What is the elasticity in moving from a price of 4 to a price of 7?
Individuals can now directly purchase treasury bills, dated securities, sovereign gold bonds (SGB) and state development loans (SDLs) under RBI’s ___...
In the Classical model, if there is an increase in aggregate demand, what will be the long-run effect on output and prices?Â
Consider the following:
Assertion (A): According to Peacock-Wiseman hypothesis, public expenditure increases overtime in a step-by-step manner.
Which of the following is not an example of market failure?
What does the Purchasing Managers' Index (PMI) measure?
The credit manager at a Departmental store collects data on 100 of her customers. Of the 60 men, 40 have credit cards (C). Of the 40 women, 30...
In the Classical model, what is the shape of the Aggregate Supply (AS) curve in the long run, and why?
An investor who expects a stock price to fall significantly might use which strategy?
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