The 'Integrated Goods and Services Tax Act' was passed in which year? MCQ with Answer and Explanation

Explanation:
Renting of commercial property attracts 18% GST.

Explanation:
In the simplest New Keynesian model with only sticky prices and no other distortions, the optimal policy that fully stabilises inflation also closes the output gap—the so-called divine coincidence.

Explanation:
Market failure occurs when free markets fail to allocate resources efficiently. Causes include externalities, public goods, asymmetric information and monopoly power. Perfect competition is an ideal, not a failure.