IMF Loan and Conditons

Q.

Explain the concept of tax reforms, in the context of the Indian economy.

Q.

Discuss the trade and investment policy reforms introduced under the new economic policy.

Q.

How can revenue deficit be reduced?

Q.

IMF stands for

1. International Monetary Fund

2. International Market Fund

3. International Money Finances

4. Indian Money Funds

Q.

Discuss the issue of deficit reduction.

Q.

Discuss the issue of deficit reduction.

Q.

IMF stands for a) International Money Fund b) International Monetary Fund c) Indian Monetary Fund d) Indian Mutual Fund

Q.

How do you think reducing tax rates will improve the fiscal position of the government?

1. Reduces pollution

2. Improves tax compliance

3. Increases employment generation capacity

4. Increases default

Q. Development expenditure of the government does not include expenditure on _______.

1. defense
2. grant to states
3. economic services
4. social and community services

Q. To increase government revenue, the IMF asked India to .

1. raise tax rates
2. broaden tax base
3. raise spending
4. hike tariffs

Q. To expand the scope of exports, the IMF asked India to .

1. impose tariffs
2. lower import tariffs
3. hike excise duties
4. reform taxes

Q. As part of IMF conditionalities, government spending had to be.

1. reduced
2. increased
3. left unchanged
4. stopped altogether

Q. Foreign exchange rate in India is on the rise recently. What impact is it likely to have on exports and how?

Q. Broadly, the IMF set up conditions for India.

1. 4
2. 5
3. 6
4. 7

Q.

Stringent measures adopted to cut down spending in order to overcome fiscal burden is called ___

Q. In India which one among the following formulates the fiscal policy?

1. Planning Commission
2. Ministry of Finance
3. Finance Commission
4. The Reserve Bank of India

Q.

The full form of FRBM Act 2003 is _______.

1. Fiscal Responsibility and Budget Management Act
2. Financial Responsibility and Budget Management Act
3. Fiscal Regulation and Budget Management Act
4. Fiscal Regulation and Banking Management Act

Q.

Broadly, how many conditions did IMF set for India?

1. 4

2. 5

3. 6

4. 7

Q. International Monetary Fund, World Bank, etc. are the examples of __________.

1. internal capital
2. external capital
3. national capital
4. international capital

Q. FRBMA, 2003 enjoins the Central Government to reduce fiscal deficit by ____% of GDP or more every year from 2004-05.

1. 0.6
2. 0.8
3. 1.5
4. 0.3

Q.

Government spending had to increase as part of IMF conditionalities.

1. True

2. False

Q. Lowering of Import / Export Duty Rates, as part of the External Sector Reforms in 1991, relates to -

1. Exchange Rate Stabilisation
2. Quantitative Restrictions
3. Rationalisation of Tariff Structure
4. Foreign Direct Investment

Q. The government manages public finance through _____________.

1. annual budget
2. revenue it generates
3. private finance
4. none of the above

Q. When was the export-import policy 1992-97 announced by the government?

1. March 31, 1991
2. March 31, 1992
3. March 31, 1993
4. March 31, 1994

Q.

Discuss the trade and investment policy reforms introduced under the New Economic Policy.

Q. The government manages the public finance through __________.

1. fiscal policy
2. budget policy
3. revenue policy
4. primary policy