Current Affairs Question - 24 January 2023
World Watch
SAARC Currency Swap Framework
Consider the following statements:
- The SAARC currency swap facility came into operation on 15th November, 2012.
- Under the agreement, RBI can offer a swap arrangement within the overall corpus of USD 2 billion.
- The framework does not provide any concession for swap drawals in Indian rupee.
Which of the above statement(s) is/are true?
| A |
1 and 2
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| B |
2 and 3
|
|
| C |
1 and 3
|
|
| D |
All of the above
|
|
World Watch
Global Minimum Tax
Consider the following statements:
- On 15th December, 2022, the European Union (EU) adopted a plan for a global minimum 15 percent tax on multinational businesses.
- Global Minimum Tax, a landmark agreement between nearly 140 countries, establishes a system under which a company from a specific country will pay at least a certain percentage of its profits in taxes, regardless of where in the world those profits are being earned.
- Major economies are aiming to discourage multinationals from shifting profits - and tax revenues - to low-tax countries regardless of where their sales are made.
Which of the above statement(s) is/are true?
| A |
1 and 2
|
|
| B |
2 and 3
|
|
| C |
1 and 3
|
|
| D |
All of the above
|
|
