Question
If a government defaults on the value of its debt by
3/4, this is the same as imposing a ____ tax on interest and repayment of the principal.Solution
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)
The Amount allocated to Atma Nirbhar Horticulture Clean Plant Program is Rs. ________?
In which state is the Hogenakkal Falls located?
Where in India the Nehru Memorial Museum and Library?
The MiG-21 was inducted into Indian military service in which year?
In insurance terminology, what is an add-on to a basic insurance policy that offers additional coverage or modifies policy terms called?
Which country tops the list of the Forbes list of 10 most Liveable cities in the world?
An Ombudsman can award a maximum amount of ________
for loss of the complainant's time, expenses incurred, harassment and mental anguish suffer...
The 2016 World Economic Forum Annual Meeting took place in-
The Finance Minister of India Shri Arun Jaitely, in the union budget proposed to setup CERT - Fin for aiming financial security under the high...
- Which of the following organization will create Farmer Distress Index?
