60days planner – Day 57

Welcome to your 60days planner - Day 57

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1.Consider the following statements with reference to New Development Bank:



  1. Agreement to establish new development bank was signed at Fortaleza, Brazil

  2. Bank supports Public projects and projects undertaken through PPP mode only


Which of the above statements is/are correct?

2. Consider the following statements regarding The International Monetary Fund (IMF):



  1. Facilitating the expansion and balanced growth of international trade is one of the aims of IMF

  2. India is represented by the union finance minister as the governor and RBI governor as the alternate governor in the Board of Governors of IMF

  3. Decision making at the IMF reflects the relative positions of its member countries in the global economy


Which of the above statements is/are correct?

3. Consider the following statements regarding World Bank group.



  1. To become a member of the International Bank for Reconstruction and Development (IBRD), a country must first join the International Monetary Fund (IMF).

  2. Membership in International Development Association (IDA), the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA) are also conditional on membership in IBRD


Which of the above statements is/are correct?

4. Consider the following statements about Extended Fund Facility (EFF):



  1. The EFF was established to provide assistance to countries experiencing serious payments imbalances because of structural impediments

  2. Assistance under EFF features longer program and a longer repayment period

  3. Borrowing under the EFF has no upper limit


Which of the above statements is/are correct?

5. Consider the following statements with reference to Bilateral Investment Promotion and Protection Agreement (BIPA):



  1. Under BIPA, the term ‘Investment’ also covers Intellectual Property Rights

  2. It provides for extending National Treatment and Most Favored Nation (MFN) treatment to foreign investments


Which of the above statements is/are correct?

6. Consider the following statements regarding Asian Development Bank (ADB):



  1. ADB is a multilateral development finance institution that engages only in public sector lending for development purposes

  2. Finance minister is the governor for India in the board of governor at ADB and Secretary, Department of Economic Affairs is the alternate governor


Which of the above statements is/are correct?

7. Consider the following statements regarding World Trade Organization (WTO):



  1. WTO established in 1995, by Uruguay rounds of negotiation

  2. The WTO agreements cover goods, services and intellectual property

  3. The World Intellectual Property Organization (WIPO) is a specialized agency of WTO


Which of the above statements is/are correct?

8. Consider the following statements regarding the agricultural trade rules in the WTO’s Agreement on Agriculture (AoA):



  1. WTO’s Agreement on Agriculture prohibits public procurement and stockholding for food security

  2. As per WTO rules support to farmers support has to be kept within a limit of 10 per cent of the value of production of the product in question


Which of the above statements is/are correct?

9. Consider the following statements:



  1. Amber box subsidies are considered to distort production and trade

  2. Green box subsidies do not distort trade, or at most cause minimal distortion

  3. Blue box includes subsidies that are linked to one product, but that do not increase production levels


Which of the above statements is/are correct?

10. Consider the following statements regarding ‘compulsory licensing’.



  1. Agreement on Trade-Related Aspects of Intellectual Property Rights does not allow compulsory licensing

  2. Compulsory licensing must meet certain additional requirements: it cannot be given exclusively to licensees


Which of the above statements is/are correct?