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Q.1.Consider the following statements.

1. RBI Governor has the authority to decide the denomination of the new currency issued.

2. Currencies and coins are legal tenders

Q.2. Which of the following statements are correct regarding the Payments Infrastructure Development Fund (PIDF) Scheme?

1. Beneficiaries eligible under the PM Vishwakarma Scheme have been included as merchants under the PIDF scheme.

2. The PIDF scheme provides financial assistance to banks and NBFCs to expand payment infrastructure in specific regions.

3. During the launch of the scheme, fintech companies contributed to its corpus.

Q.3. Which of the following is/are part India-EFTA Agreement?

1. Foreign Direct Investment in India

2. Reduction in import duty of gold imports by India

3. Intellectual Property Rights at TRIPS level.

4. Import of processed foods and drinks to India.

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🚨 Mega Live Session starts in an hour!

🎯 We'll be discussing UPSC PYQs from "Literature in Ancient India" Today @ 8:00 PM

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Q.1. Which of the following are the sources of funding for NBFCs?

1. Term Loans from banks

2. Equity Capital

3. External Commercial Borrowings (ECBs)

4. By Issuing debt instruments

Q.2. Which of the following statements is/are correct regarding Real Estate Investment Trusts (REITs)?

1. REITs are investment trusts that own and operate real estate properties.

2. Dividend or interest income from REITs is taxable as per the Income Tax Slab rate.

3. Small and Medium REITs cannot invest in under-construction real estate assets.

Q.3.How many of the following statements is/are correct regarding India’s Tax to-GDP ratio?

1. India’s tax-to-GDP ratio is low as compared to similarly placed OCED nations.

2. As of FY24, indirect taxes contributed more to tax kitty than direct taxes.

3. Exemptions and deductions available in the Old Personal Income Tax regime contributed to a rise in tax-to-GDP ratio in India.