Question
Which of the following statements is true about the Jan
Vishwas (Amendment of Provisions) Bill, 2023 recently passed in Lok Sabha?Solution
Jan Vishwas (Amendment of Provisions) Bill, 2023 passed in Lok Sabha. The Bill proposes to decriminalize 183 provisions in 42 Central Acts administered by 19 Ministries/Departments. Different approaches for decriminalization: removal of imprisonment/fine, introduction of penalty, and compounding of offenses. Measures proposed for effective implementation: pragmatic revision of fines, establishment of Adjudicating Officers and Appellate Authorities, periodic increase in penalties. Benefits of the Amendment Bill: rationalizing criminal provisions, ensuring citizens and businesses operate without fear of imprisonment for minor defaults, balancing punishment severity with offense seriousness, reducing pressure on the justice system, and helping citizens live without fear of imprisonment for minor violations.
A SEBI-registered Infrastructure Investment Trust (InvIT) plans to raise funds by issuing Masala Bonds in the London market. Which of the following re...
A company based in the United States is expecting to receive a payment of 10 million euros in next two months. The company is concerned about the fall i...
A SEBI-regulated entity performing cross-border transactions uses a BIC (Business Identifier Code), commonly known as a SWIFT Code. In an 8 or 11-chara...
According to the Interest Rate Parity (IRP) theory, if the 1-year risk-free interest rate in India is 10% and the 1-year risk-free interest rate in ...
When a country devalues its currency to improve its trade balance, the J-Curve effect suggests that the trade deficit will initially worsen before i...
The Marshall-Lerner Condition explains the requirement for a currency devaluation to successfully improve a country's trade balance in the long run. A...
The primary function of the foreign exchange market in an open economy is to:​Â
IMF describing India’s FX regime as “crawl-like” rather than purely floating implies ______​
Import cover is crucial for maintaining a stable currency and avoiding a balance of payments crisis. Which of the following ratio best reflects the impo...
What is meant by 'Deficit Monetization'?Â