CAT Questions

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Uttar Pradesh state government to install 221-Metre Bronze Statue Of lordRam In Ayodhya.

Aruna Budda Reddy has created history by becoming the first Indian to win an individual medal at the Gymnastics World Cup in Melbourne, Australia. She clinched a Bronze medal in the Women’s Vault.

Inflation risk, also called purchasing power risk, is the chance that the cash flows from an investment won't be worth as much in the future because of changes in purchasing power due to inflation.

HOW IT WORKS (EXAMPLE):

For example, $1,000,000 in bonds with a 10% coupon might generate enough interest payments for a retiree to live on, but with an annual 3% inflation rate, every $1,000 produced by the portfolio will only be worth $970 next year and about $940 the year after that. The rising inflation means that the interest payments have less and less purchasing power. And the principal, when it is repaid after several years, will buy substantially less than it did when the investor first purchased the bonds.

This is for the first time that no Literature Prize will be given in 70 years because of a #MeToo scandal.