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Which of the following is not a part of the composite indices presented by the Human Development Report?
Which of the following areas is/are covered by Free Trade Agreements (FTAs)?
1. Government procurement.
2. Intellectual property rights(IPRs).
3. Industrial products
4. Banking.
Select the correct answer using the code given below:
Correct Answer: D
Explanation:
• Free Trade Agreements (FTAs) are arrangements between two or more countries or trading blocs that primarily agree to reduce or eliminate customs tariff and non-tariff barriers on substantial trade between them.
Correct Answer: D
Explanation:
• Free Trade Agreements (FTAs) are arrangements between two or more countries or trading blocs that primarily agree to reduce or eliminate customs tariff and non-tariff barriers on substantial trade between them.
In which of the following Economic Integration model, the member countries abolish barriers to trade and service among them, and as a whole, they maintain a common tariff against third parties?
Correct Answer: A
Explanation:
• In a Customs union, partner countries may decide to trade at zero duty among themselves, however, they maintain common tariffs against the rest of the world.
• Example:
1. Southern African Customs Union (SACU) amongst South Africa, Lesotho, Namibia, Botswana, and Swaziland (Eswatini).
2. European Union, a political and economic union of 27 member states that are located primarily in Europe.
Correct Answer: A
Explanation:
• In a Customs union, partner countries may decide to trade at zero duty among themselves, however, they maintain common tariffs against the rest of the world.
• Example:
1. Southern African Customs Union (SACU) amongst South Africa, Lesotho, Namibia, Botswana, and Swaziland (Eswatini).
2. European Union, a political and economic union of 27 member states that are located primarily in Europe.
With reference to the History of Planning in India, consider the following plans:
1. Sarvodaya Plan
2. Peoples Plan
3. Bombay Plan
Which of the following is the correct chronological order as per their year of formation?
Correct Answer: B
Explanation:
• Though the planned economic development in India began in 1951 with theinception of the First Five Year Plan, theoretical efforts had begun much earlier, even prior to the independence. Setting up of National Planning Committee by Indian National Congress in 1938.
•The Bombay Plan & Gandhian Plan in 1944, Peoples Plan in 1945 (by post-war reconstruction Committee of Indian Trade Union), Sarvodaya Plan in 1950 by Jaiprakash Narayan were steps in this direction.
Correct Answer: B
Explanation:
• Though the planned economic development in India began in 1951 with theinception of the First Five Year Plan, theoretical efforts had begun much earlier, even prior to the independence. Setting up of National Planning Committee by Indian National Congress in 1938.
•The Bombay Plan & Gandhian Plan in 1944, Peoples Plan in 1945 (by post-war reconstruction Committee of Indian Trade Union), Sarvodaya Plan in 1950 by Jaiprakash Narayan were steps in this direction.
Consider the following statements:
1. Treasury bills are issued when the government needs money for a short period only
2. They are issued by both the central and state governments.
Which of the statements given above is/are correct?
Correct Answer: A
Explanation:
• Statement 1 is correct. The Treasury bills(T-bills) have a maximum maturity period of 364 days. So, they are categorised as money market instruments (money market deals with funds with a maturity of less than one year). When the government needs money for a short period, they issue Treasury bills.
• Statement 2 is incorrect. These bills are issued only by the central government, and the interest on them is determined by market forces.
• Treasury bills were first issued in India in 1917. They are issued via auctions conducted by the Reserve Bank of India (RBI) at regular intervals.
• Individuals, trusts, institutions and banks can purchase T-Bills. But they are usually held by financial institutions. The Banks give treasury bills to the RBI to get money under repo. Similarly, they can also keep it to fulfill their Statutory Liquid Ratio (SLR) requirements. Thus, they play a very important role in the financial market.
Correct Answer: A
Explanation:
• Statement 1 is correct. The Treasury bills(T-bills) have a maximum maturity period of 364 days. So, they are categorised as money market instruments (money market deals with funds with a maturity of less than one year). When the government needs money for a short period, they issue Treasury bills.
• Statement 2 is incorrect. These bills are issued only by the central government, and the interest on them is determined by market forces.
• Treasury bills were first issued in India in 1917. They are issued via auctions conducted by the Reserve Bank of India (RBI) at regular intervals.
• Individuals, trusts, institutions and banks can purchase T-Bills. But they are usually held by financial institutions. The Banks give treasury bills to the RBI to get money under repo. Similarly, they can also keep it to fulfill their Statutory Liquid Ratio (SLR) requirements. Thus, they play a very important role in the financial market.