Off-Budget Borrowing (OBB) in India

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What is the primary reason why OBB is not included in the calculation of fiscal indicators?

To reduce the country's outstanding loan to the Centre
To bypass fiscal deficit targets under the FRBM Act, 2003
To avoid delay in central grants
Because OBBs are taken by another public institution on the government's direction (correct)

What is the consequence of high OBB according to the text?

A reduction in other sources of revenue
A delay in central grants
A hidden liability that may lead to a debt trap for the government (correct)
An increase in the country's GDP

What is the condition under which States can raise loans according to Article 293(3) of the Constitution?

Only if they have no outstanding loan to the Centre
Only if they have no loans where the Centre is the guarantor
With the consent of the Centre (correct)
Without 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 (C) Signup and view all the answers

What is the trend observed in the CAD in Quarter 2 of 2023-24?

It declined to 1% of GDP (B) Signup and view all the answers

What is the primary purpose of the News Today document?

To simplify newspaper reading and update users on daily events (D) Signup and view all the answers

What is an example of OBB mentioned in the text?

Loan by FCI for paying food subsidy bill (C) Signup and view all the answers

What is the approximate word limit for the primary news of the day in News Today?

Less than 180 words (A) Signup and view all the answers

What is the purpose of the 'Places in News/Personality in News' section in News Today?

To highlight important terms and protected areas (C) Signup and view all the answers

How many news stories are encapsulated in the News Today Video bulletin?

Six most important news stories (B) Signup and view all the answers

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 (A) Signup and view all the answers

What is the timing of the News Today Video bulletin?

9 PM every day (A) Signup and view all the answers

Which Indian export faces high NTBs in the EU market?

Tea (A) Signup and view all the answers

What is the projected global economic growth rate for 2023, according to UNCTAD's Trade and Development Report 2023?

2.4% (D) Signup and view all the answers

What is the primary focus of UNCTAD's work?

Trade and development, investment and enterprise (A) Signup and view all the answers

Which of the following is NOT a function of UNCTAD?

Providing humanitarian aid to developing countries (A) Signup and view all the answers

What is India's economic growth forecast for 2024, according to UNCTAD's report?

6.2% (D) Signup and view all the answers

In which year was UNCTAD established by the United Nations Assembly?

1964 (C) Signup and view all the answers

What is the primary purpose of the World Trade Organization (WTO)?

To facilitate trade negotiations and monitor implementation of trade agreements (A) Signup and view all the answers

What is the consequence of a country failing to implement the ruling of the WTO dispute settlement process?

Possibility of countermeasures (C) Signup and view all the answers

What is the first step in the WTO dispute settlement process?

Consultations between the parties (D) Signup and view all the answers

What is the current status of the WTO's Appellate Body?

It is impacted due to USA blocking appointments (A) Signup and view all the answers

What is the purpose of the Information Technology Agreement (ITA)?

To provide zero-tariff commitments for IT products (C) Signup and view all the answers

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 (B) Signup and view all the answers

What is the outcome of a successful WTO dispute settlement process?

A mutually agreed solution (B) Signup and view all the answers

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 (A) Signup and view all the answers

What is the second largest source of external financing for developing countries?

Remittances (B) Signup and view all the answers

What is the International Finance Corporation (IFC) primarily responsible for?

Supporting the private sector in developing countries (B) Signup and view all the answers

What is the main purpose of the Multilateral Investment Guarantee Agency (MIGA)?

To provide investment guarantees to developing countries (A) Signup and view all the answers

How many member countries does the International Bank for Reconstruction and Development (IBRD) have?

189 (D) Signup and view all the answers