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Navjot

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  1. Asked: April 1, 2022In: Economy

    What is the meaning of the term ‘tax expenditure’ ?

    Navjot
    Navjot Beginner
    Added an answer on April 1, 2022 at 6:46 am

    Tax expenditures are the special provisions of the tax code such as exclusion, deductions, deferral, and tax rates that benefits specific activities or group of tax payers. In other words, tax expenditure are concessions and exemption provided to the tax payers by the government. These concession arRead more

    Tax expenditures are the special provisions of the tax code such as exclusion, deductions, deferral, and tax rates that benefits specific activities or group of tax payers. In other words, tax expenditure are concessions and exemption provided to the tax payers by the government. These concession are aimed to promote certain types of activities, such as research and development, public welfare, etc.

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  2. Asked: March 31, 2022In: Indian Geography

    The Indian subcontinent was originally a part of a huge mass called

    Navjot
    Navjot Beginner
    Added an answer on March 31, 2022 at 4:48 am

    As per the Geologists, the Indian peninsula was a part of the Gondwana land, which drifted northwards, from which India, Africa and other parts separated from each other.

    As per the Geologists, the Indian peninsula was a part of the Gondwana land, which drifted northwards, from which India, Africa and other parts separated from each other.

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  3. Asked: March 30, 2022In: Economy

    Repo Rate

    Navjot
    Best Answer
    Navjot Beginner
    Added an answer on March 30, 2022 at 5:06 pm

    The Repo rate is the rate at which the commercial banks borrow from the RBI., Therefore, 1st statement is correct. If the value of the Gini Coefficient is 0, it implies that there is perfect equality in the system. When the value is 1, then there is complete inequality in the nation. So, the 2nd staRead more

    The Repo rate is the rate at which the commercial banks borrow from the RBI., Therefore, 1st statement is correct.

    If the value of the Gini Coefficient is 0, it implies that there is perfect equality in the system. When the value is 1, then there is complete inequality in the nation. So, the 2nd statement is wrong.

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