The 'Goods and Services Tax' on banking services is: MCQ with Answer and Explanation

Explanation:
Dutch disease is a situation where a resource boom causes currency appreciation and decline in other tradable sectors like manufacturing.

Explanation:
Dualism refers to the simultaneous existence of a modern, high-productivity sector and a traditional, low-productivity sector within the same economy.

Explanation:
Transfer payments are unilateral payments for which no goods or services are received in return, such as pensions, scholarships and unemployment allowances. Interest on borrowings is also a transfer, but pension is a classic example.