81: The Global Infrastructure Facility is a/an
(a) ASEAN initiative to upgrade infrastructure in Asia and financed by credit from the Asian Development Bank.
(b) World Bank collaboration that facilitates the preparation and structuring of complex infrastructure Public-Private Partnerships (PPPs) to enable mobilization of private sector and institutional investor capital.
(c) Collaboration among the major banks of the world working with the OECD and focused on expanding the set of infrastructure projects that have the potential to mobilize private investment.
(d) UNCTAD funded initiative that seeks to finance and facilitate infrastructure development in the world.
82: Why the Indian farmers plough their fields during the time interval between two crops?
(a) In order to keep the soil loose for further cultivation
(b) To increase the porosity of the soil
(c) To escape drought
(d) To prevent clodding
83: With reference to National Investment and Infrastructure Fund, which of the following statements is/are correct?
1. It is an organ of NITI Aayog.
2. It has a corpus of Rs. 4, 00,000 crore at present.
Select the correct answer using the code given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
84: A fertile-soil, suitable for growing common crops, is likely to have a pH value of
(a) three
(b) four
(c) six to seven
(d) nine to ten
85: One of the important goals of the economic liberalisation policy is to achieve full convertibility of the Indian rupee. This is being advocated because.
(a) convertibility of the rupee will stabilize its exchange value against major currencies of the world
(b) it will attract more foreign capital inflow in India
(c) it will help promote exports
(d) it will help India secure loans from the world financial markets at attractive terms
Explanation:
Convertibility refers to the freedom of the holder of a currency to freely convert it into any other foreign currency. The current account convertibility is largely restricted to exports and imports through certain associated aspects are also permitted under it like remittances (what Indians living abroad send, to their friends and relatives in India). Convertibility for investment and borrowing abroad comes under Capital Account convertibility. Tarapore Committee recommended for Full account convertibility, i.e. for both current and capital account convertibility. Presently in India there is only Current Account Convertibility.