Question
I. In a sudden decision not previously intimated, India
became one of a 13-nation economic initiative led by the U.S., as President Joseph Biden unveiled plans for an Indo-Pacific Economic Framework for Prosperity. II. India’s joining is an equally strong statement of commitment to Indo-Pacific goals, and to broaden regional economic cooperation, particularly after it walked out of the 15-nation RCEP. III. Despite the strong signalling from all sides, however, there are many aspects to the IPEF that bear further scrutiny. IV. The four pillars also lend themselves to some confusion, drawing into question whether there is enough common ground among the 13 countries that are part of very different economic arrangements, as well as outliers, to set standards together, nor be open to issues that vary for each country.Solution
II- India’s joining is an equally strong statement of commitment to Indo-Pacific goals, and to broadening regional economic cooperation, particularly after it walked out of the 15-nation RCEP. Here, since ‘joining’ is mentioned, the continuous tense should be used throughout and ‘broadening’ is correct here. IV- The four pillars also lend themselves to some confusion, drawing into question whether there is enough common ground among the 13 countries that are part of very different economic arrangements, as well as outliers, to set standards together, or be open to issues that vary for each country. Here, ‘whether…or’ is correct.
What is the maximum aggregate withdrawal limit for a small account per month where KYC is not completed ?
The process of converting a physical cheque into an electronic image for faster processing is called:
A customer reports unauthorized transactions on their digital banking app. Under RBI’s directions, if the customer informs the bank within 3 days, wha...
What is a primary condition under RBI guidelines for REs when onboarding non-resident customers with limited KYC documentation? Â
InsureCo writes a portfolio of 12-month fire insurance policies on 1 Oct (policy year Oct–Sep). Premiums are received upfront. Historical claims are s...
Which of the following entities was formed to identify and check fraudulent activity in lending transactions against equitable mortgages?
The maximum insurance coverage provided by DICGC per depositor per bank is:
An Indian exporter raises a Letter of Credit (LC) worth USD 1,00,000. The exchange rate on the LC issuance date is ₹83.50/USD. The bank charges 0.25% ...
A borrower has defaulted on a term loan for over 90 days. The bank categorizes the account as an NPA. Later, the borrower partially repays the overdue a...
GeM portal deals with?