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.
Which of the following is NOT a type of deposit account in banking?
Which of the following is the effective annualised rate charged to the borrower of a digital loan?
India became a party to the World Health Organization (WHO) on which of the following year?
Small Industries Development Organisation was established in which of the following year?
“Relationship beyond banking” is the tagline of which of the following bank?
SEBI gave its final Nod to _______for Trading in Electronic Gold Receipt?
Which of the following are instruments that facilitate purchase of goods and services, conduct of financial services, enable remittance facilities, etc....
Which of the following instruments is considered an alternative to cash in the Indian payment system?
Consider the following statements about Conference of the Parties (COP28) :
1.   COP28 on climate conference was recently held in Dubai .
...What is the purpose of International Financial Reporting Standards (IFRS)?