I borrow 100 euros from you and promise to pay you back next year the principal and 10%. That means I owe you 110 euros next year. I now unilaterally declare that I will only honour 25 euros of debt to you. Next period I pay you 27.5 euros [25 + 1/4(10)]. That is the same amount as though announcing to you next period that I would tax your 110 euros 75% (i.e., you keep only .25*110=27.5)
Which fish species was NOT previously documented using tools before the recent study in the Laccadive Sea?
What is the primary goal of the Maritime Development Fund (MDF)?
Recently Prime Minister launched a global initiative “ LiFE ” movement. What does “E” stand for?
Which life insurance company has launched the ‘NIFTY Smallcap Quality Index Fund’ in the ULIP segment that provides an excellent opportunity to pa...
Which region of Greece, known for its traditional stone-built villages, was recently added to the UNESCO World Heritage List?
Which of the following nations recently emerged as one of India’s top three defence export customers?
Which country holds the third position in the Henley Passport Index with visa-free access to 191 countries in 2024?
LIC, General Insurance Corporation of India and _________________ are identified as Domestic Systemically Important Insurers (D-SIIs) for 2021-22.
Consider the following statements regarding ‘Right to Education’:
1. This right mandates that the state shall provide free and compulsory edu...
Consider the following statements regarding the Bonn Climate Change Conference:
1. The conference focused on preparing for the 29th C...
