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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 indexes are used to calculate Human Development Index?
1. Life Expectancy Index
2. Education Index
3. NNI Index
A school has 100 students and every student plays either cricket or football or both. The number of students who play cricket is twice the number of st...
Which part of the Indian Constitution deals with directive principles of state policy?
In 1930, what place did Gandhi break the salt law?
In which year was Bandhan-Konnagar started as an NGO, following which it provided micro-finance services in West Bengal?
Which one of the following is NOT a feature of an Open Economy?
According to the Census of India 2011, which state of India has the highest Hindu population percentage of the total population?
What are they called organic compounds, whose molecules have only a single connective bond?
The scientific study of rocks is called as
Which of the following Articles of the Constitution of India provides that the Governor appoints the Chief Minister and later, the Chief Minister recomm...