Start learning 50% faster. Sign in now
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)
Who among the following Indian authors has written the autobiography titled ‘My Story’?
Where in India the Nehru Memorial Museum and Library?
Which of the following village is declared to be India’s first 24*7 solar powered village?
Where is the headquarters of Coalition for Disaster Resilient Infrastructure (CDRI)?
From the July Quarter, 2019 the Reserve Bank has set a Base rate of how much % for NBFC (Non-banking Financial Companies and Micro Finance Institutions) ?
During the British rule in India, which of the following Governor Generals devised the ‘Doctrine of Lapse’, a policy of annexation?
The government has issued a notification for setting up mega textile parks under the PM-MITRA scheme. Find the correct answer/s about this.