Question
Which statement is not correct with respect to the goods
and services tax (GST)?Solution
• GST: • It is known as One Hundred and First Amendment Act, 2016. • GST was in effect in India from 1 July 2017. • It is an Indirect Tax which replaced many Indirect Taxes in India. • Salient features of GST:  GST will be collected by VAT method  States will get compensation for the loss of revenue for a period of five years arising on account of implementation of the Goods and Services Tax. Integrated GST (IGST) will be levied and administered by the centre on every inter- state supply of goods and services.
In the case of cost-push inflation, other things being equal:
Calculate the predicted value of X when Y is 20
X: 16, 54, 35, 25, 44, 51
Y: 5, 17, 11, 8, 14, 5
...When a firm operates with excess capacity
The impossible trinity is a concept in international economics which states that it is impossible to have all three of the following at the same time
Given the following data for an economy:
National Income: $700 billion
Depreciation: $50 billion
Indirect taxes minus subsidies...
Refer to the below table and calculate the NNPmp
A central bank decides to increase money supply. For a given price level, the LM curve is expected to
The optimal quantity of the Public good to be produced is given by
BPKP is about natural farming while in organic farming farmer can purchase inputs from outside.
(1) The demand curve is a horizontal straight ...
Which of the following statements is incorrect?
