DMPQ: Explain the following: 1) Global Human Capital Index 2) Municipal Bond 3) P-notes 4) Security transaction tax

  1. What is global human capital index?


Ans:     Global human capital index is released by world economic forum It rank countries on the basis of four thematic dimensions such as capacity, development, deployment and know-how. India ranked at 103rd out of 130 countries.



  1. What is municipal Bond?


Ans:     A municipal bond is a debt security issued by state, municipality or country to finance its capital expenditures, including the construction of highways, bridges or schools. Municipal bonds are mostly exempt from federal taxes and from most state and local taxes, making them especially attractive to people in high income tax bracket.


  1. what are P-notes?


Ans:     These are financial instruments used by investors or hedge funds that are not registered with the Securities and Exchange Board of India (SEBI) to invest in Indian securities. Any dividends or capital gains collected from the underlying securities go back to the investors.


  1. What is Security transaction tax?


Ans:                 Securities Transaction Tax is levied on every purchase or sale of securities that are listed on the Indian stock exchanges.  This would include shares, derivatives or equity-oriented mutual funds units. The rate of tax that is deducted will vary with different types of transactions and securities.


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