1456: A country is said to be in debt trap if
(a) it has to abide by the conditionalities imposed by the International Monetary Fund
(b) it has to borrow to make interest payments to on outstanding loans
(c) it has been refused loans or aid by creditors abroad
(d) the World Bank charges a very high rate of interest on outstanding as well as new loans
1457: In India, other than ensuring that public funds are used efficiently and for intended purpose, what is the importance of the office of the Comptroller and Auditor General (CAG)?
1. CAG exercises exchequer control on behalf of the Parliament when the President of India declares national emergency/financial emergency.
2. CAG reports on the execution of projects or programmes by the ministries are discussed by the Public Accounts Committee.
3. Information from CAG reports can be used by investigating agencies to press charges against those who have violated the law while managing public finances.
4. While dealing with the audit and accounting of government companies, CAG has certain judicial powers for prosecuting those who violate the law.
Which of the statements given above is/are correct?
(a) 1, 3 and 4 only
(b) 2 only
(c) 2 and 3 only
(d) 1, 2, 3 and 4
1458: The shortest route from New Delhi to Vancouver is:
(a) New Delhi--Bangkok--Tokyo--Vancouver
(b) New Delhi--London--New York--Vancouver
(c) New Delhi--Paris--New York--Vancouver
(d) New Delhi--Moscow--New York--Vancouver
1459: Who among the following served as the Chief Economist of the International Monetary Fund ?
(a) Saumitra Chaudhuri
(b) Ashok Lahiri
(c) Raghuram Rajan
(d) Sumantra Ghoshal
1460: The national motto of India, Satyameva Jayate inscribed below the Emblem of India is taken from
(a) Katha Upanishad
(b) Chandogya Upanishad
(c) Aitareya Upanishad
(d) Mundaka Upanishad