Paper Gold is a measure of a country’s reserve assets in the international monetary system. It is also called Special Drawing Rights (SDR) which is an international reserve asset, created by the IMF in 1969 to supplement its member countries’ official reserves. Its value is based on a basket of four key international currencies, and SDRs can be exchanged for freely usable currencies. SDRs may actually represent a potential claim on IMF member countries’ non-gold foreign exchange reserve assets, which are usually held in those currencies.

Correct Option: C

Paper Gold is a measure of a country’s reserve assets in the international monetary system. It is also called Special Drawing Rights (SDR) which is an international reserve asset, created by the IMF in 1969 to supplement its member countries’ official reserves. Its value is based on a basket of four key international currencies, and SDRs can be exchanged for freely usable currencies. SDRs may actually represent a potential claim on IMF member countries’ non-gold foreign exchange reserve assets, which are usually held in those currencies.

It is known as defence. It is a type of resistance against danger, attack, or harm to business or holding. A seller or buyer resorts to defence as a means of protection.

Correct Option: A

It is known as defence. It is a type of resistance against danger, attack, or harm to business or holding. A seller or buyer resorts to defence as a means of protection.

Non-tariff barriers to trade include import quotas, special licenses, unreasonable standards for the quality of goods, bureaucratic delays at customs, export restrictions, limiting the activities of state trading, export subsidies, countervailing duties, technical barriers to trade, sanitary and phytosanitary measures, rules of origin, etc. Determination of import duty uniformly is come under the sovereign duty of a nation. It is internal development.

Correct Option: C

Non-tariff barriers to trade include import quotas, special licenses, unreasonable standards for the quality of goods, bureaucratic delays at customs, export restrictions, limiting the activities of state trading, export subsidies, countervailing duties, technical barriers to trade, sanitary and phytosanitary measures, rules of origin, etc. Determination of import duty uniformly is come under the sovereign duty of a nation. It is internal development.

The Differential Rate of Interest Scheme, formulated in March 1972, offers financial assistance at concessional rate of interest @ 4% to those who intend taking up any productive activity and has been tailored for persons whose income is very low. This scheme is meant for: • Persons belonging to SC/STs, Adivasis engaged in agricultural operations and/ or allied activities; • Persons engaged in collection of forest products, fodder and selling these in markets; • Persons engaged in Village and Cottage Industries on a very small scale; etc.

Correct Option: A

The Differential Rate of Interest Scheme, formulated in March 1972, offers financial assistance at concessional rate of interest @ 4% to those who intend taking up any productive activity and has been tailored for persons whose income is very low. This scheme is meant for: • Persons belonging to SC/STs, Adivasis engaged in agricultural operations and/ or allied activities; • Persons engaged in collection of forest products, fodder and selling these in markets; • Persons engaged in Village and Cottage Industries on a very small scale; etc.

Value Added Tax (VAT) is imposed on the value added to each commodity by a firm during all stages of production and distribution. In simple terms, it is a fee assessed against businesses at each step of the production and distribution process, usually whenever a product is resold or value is added to it. Valueadded taxation in India was introduced as an indirect value added tax (VAT) into the Indian taxation system from 1 April 2005.

Correct Option: D

Value Added Tax (VAT) is imposed on the value added to each commodity by a firm during all stages of production and distribution. In simple terms, it is a fee assessed against businesses at each step of the production and distribution process, usually whenever a product is resold or value is added to it. Valueadded taxation in India was introduced as an indirect value added tax (VAT) into the Indian taxation system from 1 April 2005.