Question
Which of the following is an example of an offshore
financial center?Solution
Offshore financial centers: Offshore financial centers (OFCs) are jurisdictions that provide tax and regulatory advantages to businesses and individuals. These are centres that are primarily tax havens for wealth management and global tax management rather than providing the fully array of international financial services. Examples include the Cayman Islands, Bermuda, and the British Virgin Islands. These centers offer low taxes, minimal regulation, and strict secrecy laws that make them attractive to those seeking to reduce their tax burden or conceal their financial activities. However, OFCs have faced criticism for facilitating tax evasion and money laundering.
Select the most appropriate meaning of the given idiom.
To bear the palm
Once in a blue moon
In these questions, each of the following is followed by four meanings. Choose the correct option which best conveys the meaning of the idiom
Foo...
Select the most appropriate meaning of the given idiom.
Back to square one
Fill in the blank given below using the correct idiom.
The actor's sudden outburst during the interview was _______________ and left the audie...
- Choose the option which best expresses the meaning of the idiom/phrase in bold in the sentence.
The manager decided to take the bull by the horns a... An idiom/phrase is given in bold. Following this idiom/phrase are given three sentences, which use the given idiom/phrase. The idiom/phrase may or may ...
- Select the most appropriate option to substitute the bold segment in the given sentence.
The delay in the project turned out to be beneficial, as i... Cut the mustard
Steal someone’s _______________