Which of the following statements is correct regarding the direct taxes?

I. Levied on taxable income earned by individuals and corporate entities.
II. Gift tax is a type of direct tax.

A type of loan that allows borrowers to make low payments in the initial phases but repayment of the balance amount in lump sum at maturity is known as _____.

What is the public healthcare spending percentage as GDP of India, as per Economic Survey 2020-21?

A free-market economy is a crucial aspect of _____.

Which of the following is correct regarding the National Income?

I. Intermediate goods are not included in the calculation of national income.
II. Final goods are included in the calculation of national income.

Which among the following is not an All India Financial Institution?

If there are N firms in the economy, each assigned with a serial number from 1 to N, then as per the product method, GDP can be written as ____.

The curve giving the maximum amount of corn that can be produced in the economy for any given amount of cotton and vice-versa. This curve is called the ____.

Which of the following assumptions is made to determine the level of aggregate demand for final goods in the economy?

I. A constant final goods price and constant rate of interest over short run are assumed.
II. The aggregate supply is assumed to be perfectly elastic.