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The idea of a nationwide GST in India was first proposed by the Kelkar Task Force on Indirect taxes in 2000 to replace the prevailing complex and fragmented tax structure. GST was introduced through the 101st Constitution Amendment Act, 2016 with the slogan of ‘One Nation One Tax’. The GST has subsumed indirect taxes like excise duty, Value Added Tax (VAT), service tax, luxury tax etc.
Which of the following statements is NOT CORRECT in the context of an Open Economy IS-LM Model under Floating Exchange Rate (with fixed price) and Perfe...
In case of Cob web Model, Damped Oscillation is witnessed when
According to the Quantity Theory of Money (QTM), what is the effect of a change in the velocity of money on the price level in the long run?
Umar has the utility function U(b,w) = min (b,w) and Akshat has the utility function U(b,w) = bw. If we draw an Edgeworth box with b on the ho...
Which sector witnessed the most significant credit inflow YoY growth in FY24?
For a frequency distribution if Coefficient of variation is 5, standard deviation is 2 and Karl Pearson’s coefficient of skewness is 0.5, the value of...
A profit-maximizing monopolist sets an output of 100 per day and a price of £10. Which of the following statements is true?
Which of the following conditions is not necessary for ordinary least squares to be the best unbiased linear estimator (BLUE)?