Question
According to John Maynard Keynes, which one of the
following statements is correct for a closed economy operating at less than full employment level of output?Solution
As per Keynes, Investment determines savings for a closed economy. And changes in money have no impact on the output, only change in real variables can affect output. Moreover, speculative demand for money is determined by the interest rate.
According to section 10 of Indian Contract Act, 1872, which of the following is not regarded as the essential elements of a valid contract?
'Take-or-Pay' contracts are commonly used in infrastructure project financing to mitigate which risk?
Under which section of the Income Tax Act, 1961, are the provisions related to TDS on interest other than interest on securities mentioned?
K Ltd. purchased a tractor costing ₹1,00,000 on 1 January 2022. The rate of depreciation to be charged was fixed at 20% per annum. Calculate the depre...
State which statement is correct:
What is the maximum age of Presiding Officer of Tribunal under Employees Provident Fund and Miscellaneous Act?
Which valuation approach is used in Discounted Cash Flow (DCF) method?
During the year 2016-17, the profit of the business before charging manager's commission was Rs. 1,89,000. If the manager's commission is 5% after charg...
Which of the following is a representative personal account?
The Quick Ratio (or Acid-Test Ratio) is a more stringent measure of liquidity than the Current Ratio because it:
