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.
When was the Ujjwala Yojana launched, and which ministry oversees it?
Which of the following countries share a border with ‘Greece’?
1.North MacedoniaÂ
2.Bulgaria
3.AlbaniaÂ
4.Turkey
<...Changu dance is a famous folk dance of which of the following states?
Which of the following statements is/are correct regarding ‘Gabon’?
How much budget is allocated to Norway's support for India's 'Hunger Project' in Uttarakhand?Â
Who is chairing the High-Level Committee of Experts formed by the Ministry of Education to oversee the conduct of examinations?
What is the botanical name for Ringal, a material utilized in Uttarakhand's handicraft industry?
Consumer Protection Act, 2019 has replaced which of the following?
Which Indian state government has launched the Mukhyamantri Seekho-Kamao Yojana to empower the youth?
Which of the following two places is connected by 'Shringkanth Pass'?
