Exams

Creditors and debtors:

During inflation creditors lose because they receive in effect less in goods and services than if they had received the repayments during a period of low prices. Debtors, on other hand, as a group gain during inflation, since they repay their debts in currency that has lost its value.The aggregate volume of internal trade tends to increase during inflation due to higher incomes, greater production and larger spending. But the export trade is likely to suffer on account of arise in the prices of domestic goods.

The same currency unit will now buy less goods and services.But the bondholders lose as they get a fixed interest the real value of which has already fallen.

Here the given words follow a relation in such a way that, grapes are made into wine. Similarly, squid are made into calamari.

Hence, Grapes : Wine :: Squid : Calamari

At 3 o'clock, the minute hand is 15 min. spaces apart from the hour hand.
To be coincident, it must gain 15 min. spaces.55 min. are gained in 60 min.
15 min. are gained in
= (60/55 x 15)min
=16+4/11
The hands are coincident at 16 + 4/11 min past 3