Polity Quiz 46

Statement-l : Syndicated lending spreads the risk of borrower default across multiple lenders.

Statement-II : The syndicated loan can be fixed amount/lump sum of funds, but cannot be a credit line

Which one of the following is correct in respect of the above statements?

1. A share of the household financial savings goes towards government borrowings. 
2. Dated securities issued at market-related rates in auctions form a large component of internal debt. 

Which of the above statements is/are correct?

1. Housing loans owed by households 
2. Amounts outstanding on credit cards 
3. Treasury bills 

Select the correct answer using the code given below:

1. Most of India’s external debt is owed by governmental entities. 
2. All of India’s external debt is denominated in US dollars. 

Which of the statements given above is/are correct?

1. The Fiscal responsibility and the budget Management Review Committee Report has recommended a debt to GDP ratio of 60% for the general (combined) Government by 2023, comprising 40% for the Central government and 20% for the State Government. 
2. The Central government has domestic liabilities of 21% of GDP as compared to 49% of GDP of the State Governments. 
3. As per the Constitution of India, it is mandatory for the state to take Central government’s consent for raising any loans if the former owes any liabilities to the latter. 

Which of the given statement is/ are correct?

1. Reducing revenue expenditure 
2. Introducing new welfare schemes 
3. Rationalizing subsidies 
4. Reducing import duty 

Select the correct answer using the code given below.

1. Expenditure on acquisition of assets like roads, buildings, machinery, etc. 
2. Loans received from foreign governments 
3. Loans and advances granted to the States and Union Territories 

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1. The Department of Revenue is responsible for the preparation of Union Budget that is presented to the parliament 
2. No amount can be withdrawn from the Consolidated Fund of India without the authorization of Parliament of India. 
3. All the disbursements made from Public Account also need the Authorization from the Parliament of India 

Which of the following statements given above is/are correct?

1. Reducing revenue expenditure 
2. Introducing new welfare schemes 
3. Rationalizing subsidies 
4. Expanding industries 

Select the correct answer using the code given below.