Question
Under the Motor Vehicles Act, 1988, what is the fixed
compensation for death in a "hit and run" motor accident case? (as per 2022 amendment rules)Solution
As per the Motor Vehicles (Amendment) Act, 2019 and subsequent rules notified in 2022 , the compensation for death in a hit-and-run case has been increased to ₹5,00,000 .For grievous injury , the fixed amount is ₹2,50,000 . This is payable without identifying the offender , through the Hit and Run Compensation Scheme .
The fiscal deficit is the difference between the government’s total expenditure and its total receipts excluding ______
GDP= 12000, tax rate was 15% of GDP, Private savings was 12% of GDP and public savings was 360. Find consumption level of closed economy.
In two commodity worlds if one good is inferior then the other must be
Given the following data for an economy:
National Income: $700 billion
Depreciation: $50 billion
Indirect taxes minus subsidies...
Consider two independent random variables: X~N(5, 4) and Y~N(3, 2). If  (2X + 3Y)~N(μ, σ2), then the values of mean (μ) and variance (�...
In the Solow Model, what is the impact of an increase in the savings rate on the steady state level of capital per worker?
 According to the Principle of Equal Marginal Sacrifice proposed by Hugh Dalton, an optimal income tax structure is one where:
 In which of the following case , the production cost curves shifts downward?
"Ricardo's comparative advantage theory states that...?"
