Write true or false: 1) Inflation gets to a boost due to corruption. ______ 2) Torrent power is an industry of the private sector. ______
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1)Inflation gets to a boost due to corruption. True
2) Torrent power is an industry of the private sector. True
Explanation:
1)Corruption can contribute to inflationary finance because of tax evasion and costly tax collections along with capital flight and budget deficits. The author found out that corruption is partly responsible for high inflation, even after controlling for a variety of other determinants of inflation
2)Torrent Power Limited is an integrated power utility and is one of the largest private sector players in India having interests in power generation transmission distribution and manufacturing and supply of power cables.
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