Question
Which of the following is NOT a characteristic of
offshore financial centers?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.
The World Development Report proposes a “3i strategy” to help uppermiddle-income countries transition to high-income status.
Which of the fol...
Which of the following Statements is/are True?
I- WHO is an independent agency owned by some of the top pharma companies across the globe.
Under which of the following theme of the Union Budget the central theme of the passage is derived from?
_____________ has been nominated as the first-ever SCO Tourism and Cultural Capital during the period 2022-2023 at the 22nd Meeting of Shanghai Coopera...
Article 243-I of the Constitution mandates setting up of the State Finance Commission (SFC) every _________ years.
The QCI Surajya Recognition and Ranking Framework has recently been launched. Which of the following is not one of the Four Pillars?
Which governmental body is responsible for conducting social audits in the implementation of MGNREGA?
Consider the following Statements and choose the option with correct statements.
I- NABARD is a statutory body established in 1982 under Parliame...
What is India’s Rank in Human Capital Index 2020?
How many central bank governors have received an "A+" rating in the Global Finance Central Banker Report Cards 2023?
