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Question 1:
The various criteria for evaluating a revenue measure or system are:
Required:
(a) Give a full explanation of each criteria.
(b) What is your favourite revenue measure? Why?
Question 2:
‘The budgeting process in low income countries tends to reflect historical trends rather than current priorities. The Medium Term Expenditure Framework (MTEF) is intended to overcome this.'
(a) Describe how the ‘Medium Term Expenditure Framework' is different to the current system of expenditure management in Mauritius.
(b) Show the factors that may make the implementation of MTEF difficult?
(c) Outline five benefits of MTEF that have been claimed.
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what are the types of non-statuary reports?
Protected Put A protected put would involve a long put and a long stock. For example - ONGC. Underlying stock = Rs. 809 Buy Mar Rs. 900 Put @ Rs.68.8 Total cos
Eurodollar U.S. currency held on deposit in banks located outside the United States, mainly in Europe. Eurodollars are mostly used for settling international transactions outs
Features of Treasury Bills Treasury Bills are short-term, rupee denominations issued by the Reserve Bank of India (RBI) on behalf of the Government of India. T-bills are issued
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Bonds issued by the government are termed as treasury bonds. For example, dated securities issued by the government. These bonds are normally issued for longer ma
Franchise (licensing) - Granting or licensing of the right to use systems, expertise,brandsknow how etc. to another organisation, generally in return for a profit share
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