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what are trade tarriffs and how do they work?
Trade tariffs are taxes or duties imposed by a government on goods and services imported from other countries. They are a common tool in international trade policy and serve various economic and political purposes. Here's a detailed breakdown of what tariffs are and how they work: Types of Tariffs ARead more
Trade tariffs are taxes or duties imposed by a government on goods and services imported from other countries. They are a common tool in international trade policy and serve various economic and political purposes. Here’s a detailed breakdown of what tariffs are and how they work:
Types of Tariffs
How Trade Tariffs Work
Impacts of Tariffs
Examples of Tariffs in Action
Criticisms and Alternatives
Trade tariffs are a powerful but often controversial tool in economic policy. While they can protect domestic industries and generate revenue, they may also lead to higher consumer costs and strained international relations.
See lessCriteria for Horizontal Tax Devolution by 15th Finance Commission
The correct answer is Only three. For horizontal tax devolution, the Fifteenth Finance Commission used the following criteria in addition to population, area, and income distance: Demographic performance: Yes, this was used as a criterion. Forest and ecology: Yes, this was used as a criterion. GoverRead more
The correct answer is Only three. For horizontal tax devolution, the Fifteenth Finance Commission used the following criteria in addition to population, area, and income distance:
Thus, three of the given criteria (Demographic performance, Forest and ecology, Tax and fiscal efforts) were used.
See lessUNOPS S3i Initiative Investment Focus Areas
The correct answer is Only three. The UNOPS Sustainable Investments in Infrastructure and Innovation (S3i) initiative focuses on the following sectors for its investments: Affordable housing: Yes, it is a focus area. Mass rapid transport: No, it is not mentioned as a focus area. Health care: Yes, itRead more
The correct answer is Only three. The UNOPS Sustainable Investments in Infrastructure and Innovation (S3i) initiative focuses on the following sectors for its investments:
Therefore, only three of the mentioned sectors are focused on by the S3i initiative.
See lessHow many of the given investments are considered intangible investments?
Let's examine each asset: Brand recognition: This is considered an intangible asset. It represents the value associated with a brand's reputation and customer awareness, but it has no physical presence. Inventory: This is not considered an intangible asset. Inventory refers to the goods a company hoRead more
Let’s examine each asset:
Thus, three of the four are intangible investments. The correct answer is Only three.
See lessHow many of the given statements regarding niger (Guizotia abyssinica) are correct?
Let's break down the statements: The Government of India provides Minimum Support Price for niger (Guizotia abyssinica) seeds: This is correct. Niger seeds are one of the crops for which the Government of India declares a Minimum Support Price (MSP) to support farmers. Niger is cultivated as a KhariRead more
Let’s break down the statements:
Thus, all three statements are correct. Therefore, the correct answer is All three.
See lessConcept of 'Small Farmer Large Field
The concept of 'Small Farmer Large Field' involves small and marginal farmers coming together to coordinate their farming practices, often synchronizing key operations like sowing, irrigation, and harvesting to achieve economies of scale. While they retain individual ownership of their land, this coRead more
The concept of ‘Small Farmer Large Field’ involves small and marginal farmers coming together to coordinate their farming practices, often synchronizing key operations like sowing, irrigation, and harvesting to achieve economies of scale. While they retain individual ownership of their land, this collective approach helps them gain the benefits typically associated with larger-scale farming, such as improved efficiency, better access to resources, and reduced costs. The correct answer is Many marginal farmers in an area organize themselves into groups and synchronize and harmonize selected agricultural operations.
See lessHow many of the given markets are included in capital markets?
The capital markets typically include financial markets where long-term debt (bonds) or equity-backed securities (stocks) are bought and sold. Let's analyze the given options: Government Bond Market: This is part of the capital market as it deals with long-term securities (bonds). Call Money Market:Read more
The capital markets typically include financial markets where long-term debt (bonds) or equity-backed securities (stocks) are bought and sold. Let’s analyze the given options:
Therefore, only two of the above markets, the Government Bond Market and the Stock Market, are included in capital markets. The correct answer is Only two.
See lessWhich one of the following activities of the Reserve Bank of India is considered to be part of 'sterilization?
Sterilization refers to actions taken by the central bank (in this case, the Reserve Bank of India) to manage the impact of foreign capital flows on the domestic money supply. Open Market Operations (OMOs) are one such tool where the central bank buys or sells government securities in the open markeRead more
Sterilization refers to actions taken by the central bank (in this case, the Reserve Bank of India) to manage the impact of foreign capital flows on the domestic money supply. Open Market Operations (OMOs) are one such tool where the central bank buys or sells government securities in the open market to influence liquidity and control inflation or currency appreciation/depreciation. This process helps in managing the domestic monetary base without affecting other macroeconomic variables. Therefore, the correct answer is Conducting ‘Open Market Operations’.
See lessWhich one of the following is correct in respect of the given statements?
In the recent post-pandemic period, central banks worldwide have raised interest rates to combat inflation, which surged due to heightened fiscal spending during COVID-19 and supply chain issues stemming from the Russia-Ukraine conflict. Therefore, Statement 1 is accurate. The central banks' decisioRead more
In the recent post-pandemic period, central banks worldwide have raised interest rates to combat inflation, which surged due to heightened fiscal spending during COVID-19 and supply chain issues stemming from the Russia-Ukraine conflict. Therefore, Statement 1 is accurate.
The central banks’ decision to increase interest rates aims to raise borrowing costs, leading to a reduction in money supply and, consequently, a decrease in inflation rates. Thus, Statement 2 is also valid.
The rise in interest rates in advanced economies, particularly in the U.S., has negatively impacted the Indian economy, resulting in increased net Foreign Portfolio Investment (FPI) outflows, significant depreciation of the Rupee, declines in foreign exchange reserves, and rising yield rates. This negative impact on the Indian economy is commonly referred to as “Taper Tantrums.” Consequently, this question was posed within this context.
Therefore, the correct answer is Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I.
See lessWhich one of the following is correct in respect of the Infrastructure Investment Trusts?
Infrastructure Investment Trusts (InVITs) gather funds from investors, which are subsequently directed into infrastructure projects. As pooled investment vehicles, they function similarly to mutual funds. However, while mutual funds predominantly invest in stocks and bonds, InVITs focus on infrastruRead more
Infrastructure Investment Trusts (InVITs) gather funds from investors, which are subsequently directed into infrastructure projects. As pooled investment vehicles, they function similarly to mutual funds. However, while mutual funds predominantly invest in stocks and bonds, InVITs focus on infrastructure-related ventures. The returns generated by InVITs are distributed to investors through four primary methods: interest on capital, dividends, rental income, and repayment of capital. Previously, interest, dividends, and rental income earned by unit holders were taxable, but repayment of capital was exempt from tax. However, the Finance Act of 2023 introduced a provision to tax certain portions of capital repayment in specific cases, making Statement 1 incorrect. Additionally, the Finance Act of 2021 amended the SARFAESI Act of 2002 to recognize pooled investment vehicles, including REITs and InVITs, as borrowers under the Act, making Statement 2 correct.
Therefore, the correct answer is Statement-I is incorrect but Statement-II is correct.
See less