30 Questions
What is the primary reason why OBB is not included in the calculation of fiscal indicators?
Because OBBs are taken by another public institution on the government's direction
What is the consequence of high OBB according to the text?
A hidden liability that may lead to a debt trap for the government
What is the condition under which States can raise loans according to Article 293(3) of the Constitution?
With the consent of the Centre
What is the purpose of resorting to OBB according to the text?
To bypass fiscal deficit targets under the FRBM Act, 2003
What is the trend observed in the CAD in Quarter 2 of 2023-24?
It declined to 1% of GDP
What is the primary purpose of the News Today document?
To simplify newspaper reading and update users on daily events
What is an example of OBB mentioned in the text?
Loan by FCI for paying food subsidy bill
What is the approximate word limit for the primary news of the day in News Today?
Less than 180 words
What is the purpose of the 'Places in News/Personality in News' section in News Today?
To highlight important terms and protected areas
How many news stories are encapsulated in the News Today Video bulletin?
Six most important news stories
What is the purpose of the News Today document in terms of newspaper reading?
To develop an eye for identifying the kind of news that should be read
What is the timing of the News Today Video bulletin?
9 PM every day
Which Indian export faces high NTBs in the EU market?
Tea
What is the projected global economic growth rate for 2023, according to UNCTAD's Trade and Development Report 2023?
2.4%
What is the primary focus of UNCTAD's work?
Trade and development, investment and enterprise
Which of the following is NOT a function of UNCTAD?
Providing humanitarian aid to developing countries
What is India's economic growth forecast for 2024, according to UNCTAD's report?
6.2%
In which year was UNCTAD established by the United Nations Assembly?
1964
What is the primary purpose of the World Trade Organization (WTO)?
To facilitate trade negotiations and monitor implementation of trade agreements
What is the consequence of a country failing to implement the ruling of the WTO dispute settlement process?
Possibility of countermeasures
What is the first step in the WTO dispute settlement process?
Consultations between the parties
What is the current status of the WTO's Appellate Body?
It is impacted due to USA blocking appointments
What is the purpose of the Information Technology Agreement (ITA)?
To provide zero-tariff commitments for IT products
What is the definition of disposable income?
The amount of money that an individual or household has to spend or save after income taxes have been deducted
What is the outcome of a successful WTO dispute settlement process?
A mutually agreed solution
What is the primary goal of the International Development Association (IDA)?
To reduce poverty by providing zero to low-interest loans and grants to the world's poorest countries
What is the second largest source of external financing for developing countries?
Remittances
What is the International Finance Corporation (IFC) primarily responsible for?
Supporting the private sector in developing countries
What is the main purpose of the Multilateral Investment Guarantee Agency (MIGA)?
To provide investment guarantees to developing countries
How many member countries does the International Bank for Reconstruction and Development (IBRD) have?
189
Test your knowledge on Off-Budget Borrowing (OBB) in India, including its implications, calculation, and reasons for its use. Learn about the FRBM Act and Article 293 of the Constitution.
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