SawaalBoxसवाल बॉक्स
2005 · Q72Indian EconomyInternational Institutions & Reportsmoderate

Consider the following statements : 1. Poverty Reduction and Growth Facility (PRGF) has been established by the International Development Association (IDA) to provide further assistance to low-income countries facing high level of indebtedness. 2. Singapore Regional Training Institute (STI) is one of the institutes that provide training in macroeconomics analysis and policy, and related subjects as a part of programme of the IMF Institute. Which of the statements given above is/are correct?

  1. (a)1 only
  2. (b)2 only
  3. (c)Both 1 and 2
  4. (d)Neither 1 nor 2
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Official answer(b) 2 only

2024 · Q51Indian EconomyInternational Institutions & Reportsmoderate

Consider the following statements : Statement-I : If the United States of America (USA) were to default on its debt, holders of US Treasury Bonds will not be able to exercise their claims to receive payment. Statement-II : The USA Government debt is not backed by any hard assets, but only by the faith of the Government. Which one of the following is correct in respect of the above statements ?

  1. (a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-I
  2. (b)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I
  3. (c)Statement-I is correct, but Statement-II is incorrect
  4. (d)Statement-I is incorrect, but Statement-II is correct
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Official answer(a) Both Statement-I and Statement-II are correct and Statement-II explains Statement-I