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Economy

Q. The term ‘Base Erosion and Profit Shifting’ is sometimes seen in the news in the context of:

(a) Mining operations by multinational companies in resource-rich but backward areas (b) Curbing of tax evasion by multinational companies (c)...

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Q. With reference to ‘Financial Stability and Development Council’, consider the following statements:          

1. It is an organ of NITI Aayog. 2. It is headed by the Union Finance Minister. 3. It monitors...

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Q. What is/are the purpose/purposes of the `Marginal Cost of Funds based Lending Rate (MCLR)’ announced by RBI?

1. These guidelines help improve the transparency in the methodology followed by banks for determining the interest rates on advances....

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Q. The term ‘Core Banking Solutions’ is sometimes seen in the news. Which of the following statements best describes/describe this term?

1. It is a networking of a bank’s branches which enables customers to operate their accounts from any branch of...

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Q. Which of the following best describes the term ‘import cover’, sometimes seen in the news?

(a) It is the ratio of value of imports to the Gross Domestic Product of a country (b) It is...

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Q. With reference to the International Monetary and Financial Committee (IMFC), consider the following statements:  

1. IMFC discusses matters of concern affecting the global economy, and advises the International Monetary Fund (IMF) on the direction...

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Q. Recently, which one of the following currencies has been proposed to be added to the basket of IMF’s SDR?

(a) Rouble  (b) Rand (c) Indian Rupee (d) Renminbi Answer: d  Explanation:   Special Drawing Rights(SDR) What is the SDR? The...

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Q. Which of the following is/are included in the capital budget of the Government of India?

1. Expenditure on acquisition of assets like roads, buildings, machinery, etc. 2. Loans received from foreign governments 3. Loans and...

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Q. In the context of which of the following do you sometimes find the terms `amber box, blue box and green box’ in the news?

(a) WTO affairs (b) SAARC affairs (c) UNFCCC affairs (d) India-EU negotiations on FTA Answer: a Explanation:  Domestic support in...

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Q. With reference to `IFC Masala Bonds’, sometimes seen in the news, which of the statements given below is/are correct?

1. The International Finance Corporation, which offers these bonds, is an arm of the World Bank. 2. They are the...

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