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The term 'Base Erosion and Profit Shifting' is sometimes seen in the news in the context of :
UPSC 2016
mining operation by multinational companies in resource-rich but backward areas
curbing of the tax evasion by multinational companies
lack of consideration of environmental costs in the
planning and implementation of developmental projects
None of the above
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 advances granted to the States and Union Territories
Select the correct answer using the code given below.
UPSC 2016
1 only
1 and 2 only
2 and 3 only
1, 2 and 3
Which of the following best describes the term 'import cover', sometimes seen in the news?
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It is the ratio of value of imports to the Gross Domestic Product of a country
It is the total value of imports of a country in a year
It is the number of months of imports that could be paid for by a country's international reserves
None of the above
With reference to 'IFC Masala Bonds', 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 rupee-denominated bonds and a source of debt financing for the public and private sector.
Select the correct answer using the code given below :
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1 only
2 only
Both 1 and 2
neither 1 nor 2
‘Global Finance Stability Report’ is prepared by the :
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European Central Bank
International Monetary Fund
International Bank for Reconstruction and Development
None of the above
In the context of which of the following do you sometimes find the terms ‘amber box’, ‘blue box’ and ‘green box’ in the news?
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WTO affairs
SAARC affairs
UNFCCC affairs
None of the above
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 of its work.
2. The World Bank participates as observes in IMFC’s meetings.
Which of the statements given above is/are correct?
UPSC 2016
1 only
2 only
Both 1 and 2
neither 1 nor 2
Consider the following statements :
1. New Development Bank has been set up by APEC.
2. The headquarter of New Development Bank is in Shanghai.
Which of the statements given above is/are correct?
UPSC 2016
1 only
2 only
Both 1 and 2
neither 1 nor 2
There has been a persistent deficit budget year after year. Which action/actions of the following can be taken by the Government to reduce the deficit?
1. Reducing revenue expenditure
2. Introducing new welfare schemes
3. Rationalizing subsidies
4. Reducing import duty
Select the correct answer using the code given below.
UPSC 2016
1 only
2 and 3 only
1 and 3 only
1, 2, 3 and 4
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.
2. These guidelines help ensure availability of bank credit at interest rates which are fair to the borrowers as well as the banks.
Select the correct answer using the code given below.
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Only 1
Only 2
Both 1 and 2
Neither 1 nor 2
With reference to an initiative called ‘The Economics of Ecosystems and Biodiversity (TEEB)’, which of the following statements is/are correct?
1. It is an initiative hosted by UNEP, IMF and World Economic Forum.
2. It is a global initiative that focuses on drawing attention to the economic benefits of biodiversity.
3. It presents an approach that can help decision-makers recognize, demonstrate and capture the value of ecosystems and biodiversity.
Select the correct answer using the code given below.
UPSC 2016
1 and 2 only
3 only
2 and 3 only
1, 2 and 3
The term ‘Base Erosion and Profit Shifting’ is sometimes seen in the news in the context of
UPSC 2016
mining operation by multinational companies in resource-rich but backward areas
curbing of the tax evasion by multinational companies
exploitation of genetic resources of a country by multinational companies
lack of consideration of environmental costs in the planning and implementation of developmental projects.