Prelims Power Play 9 November 2023

1. Consider the following

Statement I: Electoral trusts are more transparent method of political party funding than electoral bonds.

Statement II: Electoral bonds, on the other hand, are exempt from disclosure requirements

Which one of the following is correct with respect to the above statements?

2. With reference to the ‘Loss and Damage (L&D)’, consider the following statements-

1. It was for the first time demanded by India.
2. It refers to the economic and non-economic impacts of climate change.
3. The Loss and Damage Finance Facility (LDFF) is part of the Paris Climate deal.

How many of the above statement/s is/are correct?

3. Special Drawing Right (SDR) basket of IMF consists of:

1. US dollar
2. Indian Rupee
3. Chinese renminbi
4. Japanese yen
5. British pound sterling

Select the correct answers using the code given below:

4. QUOTA reforms recently in new relates to which of the following international organisation?

5. With reference to customs duty in India, how many of the following statements is/are true?

1. Countervailing Duty (CVD) is a specific form of duty that the government imposes to protect domestic producers by countering the negative impact of import subsidies.
2. Anti Dumping duty is imposed by a domestic government on foreign imports that it believes are priced below fair market value.
3. Anti-dumping duty is permitted under WTO norms whereas Countervailing duty violates the WTO principles
4. While the Anti dumping Duty amount depends on the margin of dumping, the Countervailing Duty levy charges will completely depend upon the subsidy value of the foreign goods.

Select the correct answer using the codes given below: