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The Current Affairs questions are based on sources like ‘The Hindu’, ‘Indian Express’ and ‘PIB’, which are very important sources for UPSC Prelims Exam. The questions are focused on both the concepts and facts. The topics covered here are generally different from what is being covered under ‘Daily Current Affairs/Daily News Analysis (DNA) and Daily Static Quiz’ to avoid duplication. The questions would be published from Monday to Saturday before 2 PM. One should not spend more than 10 minutes on this initiative.
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In the context of economic recession, which of the following actions can be considered a part of the “fiscal stimulus” package?
Select the correct answer using the codes given below
Solution (b)
Economic stimulus consists of attempts by governments or government agencies to financially stimulate an economy. An economic stimulus is the use of monetary or fiscal policy changes to kick start growth during a recession. Governments can accomplish this by using tactics such as lowering interest rates, increasing government spending and quantitative easing, to name a few.
Do you know?
Over the course of a normal business cycle, governments may try to influence the pace and composition of economic growth using various tools at their disposal. Central government may utilize fiscal and monetary policy tools to stimulate growth. Similarly, state and local governments can also engage in stimulus spending by initiating projects or enacting policies that encourage private sector investment.
Article link: GDP likely to contract by 7.7% in 2020-21, says Govt.
Solution (b)
Economic stimulus consists of attempts by governments or government agencies to financially stimulate an economy. An economic stimulus is the use of monetary or fiscal policy changes to kick start growth during a recession. Governments can accomplish this by using tactics such as lowering interest rates, increasing government spending and quantitative easing, to name a few.
Do you know?
Over the course of a normal business cycle, governments may try to influence the pace and composition of economic growth using various tools at their disposal. Central government may utilize fiscal and monetary policy tools to stimulate growth. Similarly, state and local governments can also engage in stimulus spending by initiating projects or enacting policies that encourage private sector investment.
Article link: GDP likely to contract by 7.7% in 2020-21, says Govt.
Consider the following statements about Inner Line Permit (ILP)
Which of the statements given above is/are correct?
Solution (a)
Inner Line Permit (ILP)
Article link: Meghalaya lawmakers asked to unite for ILP
Solution (a)
Inner Line Permit (ILP)
Article link: Meghalaya lawmakers asked to unite for ILP
Consider the following statements:
Which of the statements given above is/are correct?
Solution (c)
Disqualification on Ground of Defection
The Constitution also down that a person shall be disqualified from being a member of Parliament if he is so disqualified on the ground of defection under the provisions of the Tenth Schedule.
A member incurs disqualification under the defection law:
The question of disqualification under the Tenth Schedule is decided by the Chairman in the case of Rajya Sabha and Speaker in the case of Lok Sabha (and not by the president of India). In 1992, the Supreme Court ruled that the decision of the Chairman/Speaker in this regard is subject to judicial review.
Do you know?
Article link: Supreme Court notice to Centre, EC on plea to debar legislators
Solution (c)
Disqualification on Ground of Defection
The Constitution also down that a person shall be disqualified from being a member of Parliament if he is so disqualified on the ground of defection under the provisions of the Tenth Schedule.
A member incurs disqualification under the defection law:
The question of disqualification under the Tenth Schedule is decided by the Chairman in the case of Rajya Sabha and Speaker in the case of Lok Sabha (and not by the president of India). In 1992, the Supreme Court ruled that the decision of the Chairman/Speaker in this regard is subject to judicial review.
Do you know?
Article link: Supreme Court notice to Centre, EC on plea to debar legislators
Which of the following statements is/are correct regarding the Dedicated Freight Corridors (DFC) project by Indian Railways?
Select the correct answer using the code given below:
Solution (c)
The primary aim of the project is to reduce the unit transportation cost and speed up the freight trains resulting in higher productivity.
For further reading on DFCs, refer the Table Showing Dedicated Freight Corridors in India in the below link –
https://en.wikipedia.org/wiki/Dedicated_Freight_Corridor_Corporation_of_India
Article link: Western Dedicated Freight Corridor will be a boon for nation: PM
Solution (c)
The primary aim of the project is to reduce the unit transportation cost and speed up the freight trains resulting in higher productivity.
For further reading on DFCs, refer the Table Showing Dedicated Freight Corridors in India in the below link –
https://en.wikipedia.org/wiki/Dedicated_Freight_Corridor_Corporation_of_India
Article link: Western Dedicated Freight Corridor will be a boon for nation: PM
Which of the following statements is/are correct regarding fiscal deficit?
Select the correct answer using the code given below:
Solution (d)
Fiscal deficit means Government need to borrow from the market which leads to crowding-out of funding for private players.
Fiscal deficit is inflationary and not deflationary as it leads to borrowing of money without any asset created for that.
Fiscal deficit adds to borrowings of the government and hence leads to increase in interest liabilities and thus adds to primary deficit.
Article link: India’s fiscal deficit may exceed 7% in current fiscal, say sources
Solution (d)
Fiscal deficit means Government need to borrow from the market which leads to crowding-out of funding for private players.
Fiscal deficit is inflationary and not deflationary as it leads to borrowing of money without any asset created for that.
Fiscal deficit adds to borrowings of the government and hence leads to increase in interest liabilities and thus adds to primary deficit.
Article link: India’s fiscal deficit may exceed 7% in current fiscal, say sources