Question
Consider the following statements: 1. Cayman
Islands recent exit from the FATF grey list 2. Cayman Islands is a French Overseas Territory located in the Western Caribbean Sea 3. Cayman Islands considered a tax haven because the Caymans do not impose a corporate tax. Which of the statements given above is/are correct?Solution
Cayman Islands’ recent exit from the FATF grey list is expected to bolster global private equity funds looking to invest in non-banking financial companies (NBFCs) based in India. The Cayman Islands is a British Overseas Territory located in the Western Caribbean Sea They are considered a tax haven because the Caymans do not impose a corporate tax, making it an ideal place for multinational corporations to base subsidiary entities to shield some or all of their incomes from taxation.
‘A’, ‘B’ and ‘C’ entered into a partnership by making investments in the ratio 5:6:9, respectively. At end of the year, if the difference be...
Lalita and Meru started a business with investments in the ratio 5:8, respectively. After 4 months, Lalita increased her investment by 40%, while Meru d...
A, B and C started a online education website by investing Rs.28,000, Rs.36,000 and Rs.40,000 respectively. Find the share of A’s, out of an annual pr...
A started a business with an investment of Rs.18000. After few months B joined him with an investment of Rs.22500. If at the end of the year, they share...
If a sum of money is to be divided among A, B, C such that A’s share is equal to thrice B’s share and B’s share is 7 times C’s share then their ...
A and B together start a business with investment of Rs. 1800 and Rs. (x + 900), respectively. If the profit earned after 5 years is Rs. 7000 and share ...
Ramesh, Rajan and Ritesh enter into partnership by making investments in the ratio 3 : 5 : 7. After a year, Ritesh invests another Rs. 337600 while Rame...
Determine the initial investment made by 'Adam' if both 'Adam' and 'Zampa' jointly invested Rs. 7000 in a startup business. After 7 months, 'Adam' added...
'A' initially invested 75% of the total capital in a business. After 4 months, 'C' joined, and at that point, 'A's investment became 50% of the total ca...
Amit started a business with Rs. 10000. After 8 months, Neha joined him with a capital that is 50% more than Amit’s. Find Neha’s share of the total ...
Relevant for Exams:
