Questions

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.

After 10 days : 150 men had food for 35 days.

Suppose 125 men had food for x days.

Now, Less men, More days (Indirect Proportion)

 125 : 150 :: 35 : x    =>    125 x x = 150 x 35

 =>

=> x = 42.

The Ezra Cup is a popular polo tournament conducted annually in India. The Calcutta Polo Club runs this oldest and first ever Polo Trophy. The first Ezra Cup was held in 1880. After a period of inactivity, it has now been revived by Mr. Keshav Bangur, Calcutta Polo Club's president.