30 Questions
What is the primary characteristic of a gig economy?
Organizations contract with independent workers for short-term engagements
What is the main issue faced by gig workers in the recent past?
Strike by Blinkit workers and protest by Zomato and Swiggy delivery riders
What type of gig workers are engaged in part-time or full-time work in the conventional sector?
Non-Platform Gig Workers
Which code provides for universal minimum wage and floor wage across organized and unorganized sectors, including gig workers?
Code on Wages, 2019
What is the main objective of the Code on Social Security 2020?
To protect gig workers' rights by giving them social security protections
What type of gig workers are those whose work is based on online software, apps, or digital platforms?
Platform Gig Workers
What is the expected market value of cross-border payments by 2030?
$290 trillion
What is one of the significance of cross-border payments in globalization?
It enables participants to diversify their customer base
What has been the growth rate of India's cross-border remittances since 2016?
8% CAGR
What is the contribution of the travel and tourism industry to India's GDP in 2021?
$178 billion
Which country has accepted UPI for cross-border payments?
UAE, Singapore, Mauritius, Nepal, and Bhutan
What is the total FDI inflow received by India in FY 2023?
US$70.97 billion
What is the objective of establishing an Investor Protection Fund (IPF)?
To protect the interests of participants of the Exchange
What is a depository?
A financial institution or organization that accepts deposits and assists in buying and selling financial instruments
What is the purpose of segregating the IPF funds?
To keep the funds immune from any liabilities of the stock exchange and depository
What percentage of the listing fee received is contributed to the IPF?
1%
What is another source of contribution to the IPF?
Penalty collected from Trading Members and listed companies
How often should the stock exchanges and depositories conduct a review of the IPF?
Half-yearly
What is the primary legislation governing Foreign Portfolio Investment (FPI) in India?
Foreign Exchange Management Act, 1999
Why might the FPI route be misused?
To circumvent the stipulations of Press Note 3
What is the purpose of the Consultation Paper released by SEBI on Foreign Portfolio Investors (FPIs)?
To mandate additional disclosures from identified high-risk FPIs
What is regulated by SEBI under the SEBI (Foreign Portfolio Investors) Regulations, 2019?
Foreign Portfolio Investors (FPIs)
What is recognised as an offence under the Securities Contracts (Regulation) Act, 1956?
Dabba trading
What are the additional legislations governing FPI in India?
Prevention of Money Laundering Act, 2002 and Prevention of Money Laundering (Maintenance of Records Rules), 2005
What is the purpose of the World Trade Organization?
To facilitate trade negotiations and settle trade disputes
What are the two main ways to settle a dispute in WTO?
Mutually agreed solution and Adjudication
What is the role of the Appellate Body in WTO dispute settlement process?
To hear appeals against panel reports
What happens when a party fails to implement the ruling in WTO dispute settlement process?
Countermeasures can be taken by the other party
What is the commitment violated by India as per the WTO dispute settlement body?
Zero-tariff commitment under the Information Technology Agreement
What is the current status of the Appellate Body?
It is impacted due to the USA blocking appointments
Test your knowledge on the gig economy and gig workers, including recent issues and protests by workers in the industry. Learn about the free market system and its implications on temporary positions and independent workers.
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