Consider the following statements with reference to Tonnage Tax Scheme: 1. Recently, It has been made available to off-shore vessels registered under the Indian Vessels Act, 2021 to promote water transport. 2. It was previously available to inland ships only. Which of the above statements is/are correct?
Neither 1 nor 2
Why in the News?
"Budget 2025-26 Expands Tonnage Tax Scheme to Inland Vessels, Boosting Water Transport”
Statement 1: incorrect
The Union Budget for 2025-26 proposes extending the Tonnage Tax Scheme to inland vessels registered under the Inland Vessels Act, 2021, to promote inland water transport. There is no indication that this extension applies to offshore vessels.
Statement 2: incorrect
Prior to the proposed extension, the Tonnage Tax Scheme was available to sea-going ships. The recent budget proposes extending it to inland vessels.
Similar Questions
Consider the following statements with reference to Open Market Sale Scheme (Domestic) Policy for 2024-25:
1. The government has reduced the price of rice for ethanol distilleries to boost ethanol production.
2. The revised policy aims to improve food security by ensuring adequate food grain availability in the market.
3. State governments can now directly procure rice from the FCI without participating in e-auctions.
Which of the above statements is/are correct?
With reference to Variable Rate Repo, consider the following statements:
1. Recently, RBI has conducted a Variable Rate Repo (VRR) auction.
2. It is a monetary tool used by the RBI for liquidity sequestration.
3. Under this, RBI mandates banks to borrow only at the Repo Rate or higher, and for a duration strictly limited to one day.
How many of the above statement is/are correct?
Consider the following statements:
Statement-I- Recently, Reserve Bank of India has mandated independent external evaluations of Market Infrastructure Institutions (MIIs) every three years.
Statement-II- This measure aims to enhance the transparency and accountability of MIIs and ensure the proper functioning of their statutory committees.
Which one of the following is correct in respect to the above statements?
Consider the following statements:
Statement-I- The Liquidity Coverage Ratio (LCR) ensures banks hold sufficient High-Quality Liquid Assets (HQLAs) to meet liquidity needs under a 30-day stress scenario.
Statement-II- LCR is part of the Basel III reforms designed to improve capital adequacy and enhance financial stability.
Which one of the following is correct in respect to the above statements?
Consider the following statements regarding ESG (Environment, Social and Governance) Framework:
1. Recently, The Securities and Exchange Board of India (SEBI) proposed new measures to strengthen the regulatory framework for ESG Rating Providers (ERPs).
2. Its "Social" aspect of ESG considers a company's relationships with employees, suppliers, customers, and communities.
3. Its "Governance" aspect deals with the rules and processes for managing an organization.
Which of the above statements is/are correct?
Consider the following statements regarding Negotiated Dealing System – Order Matching (NDS-OM):
1. The Direct transactions between Gilt Account Holders (GAHs) and the RBI are now possible on NDS-OM.
2. The transactions between a Primary Member (PM) and its own Gilt Account Holder can now be matched on NDS-OM.
3.It is operated by the Securities and Exchange Board of India (SEBI).
Which of the above statements is/are correct?
Consider the following statements:
Statement-I- The new digital footprint-based lending model will completely eliminate the risk of loan defaults by MSMEs.
Statement-II- Digital footprints provide a perfectly accurate and comprehensive view of an MSME's financial health and future performance.
Which one of the following is correct in respect to the above statements?
Consider the following statements:
Statement-I- India is the largest producer and consumer of spices in the world.
Statement-II- India accounts for nearly 75 out of 109 internationally recognized spice varieties, making it a global leader in spice cultivation.
Which one of the following is correct in respect to the above statements?
Consider the following statements regarding Anti-Dumping Duty:
1. Recently, India has imposed an anti-dumping duty on water treatment chemicals from China and Japan.
2. It is enabled by Article VI of the General Agreement on Tariffs and Trade (GATT), 1994.
3. In India, the Directorate General of Trade Remedies (DGTR) recommends the duty, while the Ministry of Finance imposes it.
Which of the above statements is/are not correct?
Consider the following statements with reference to Internationalisation of Rupee:
1. The RBI and Bank of Mauritius signed an MoU to promote local currencies in cross-border transactions, supporting the internationalization of the Indian Rupee.
2. It refers to increasing the global acceptance of the Indian Rupee (INR) in trade, investment, and forex reserves, reducing dependency on foreign currencies like the US Dollar.
Which of the above statements is/are correct?
Important Questions from Economic and Financial Affairs
As per the Union Budget 2021-22, the government plans to continue on the path of fiscal consolidation, achieving a fiscal deficit level below 4.5% of GDP by ______.
- The National Rail Plan announced in the Union Budget of 2021-22 aims to create a future ready railway system by which of the following years?
As per the Economic Survey 2021, in which of the following states did the proportion of households that had health insurance decrease by 12% from 2015-16 to 2019-20?
As per Economic Survey 2020-2021, India’s real GDP is estimated to grow by ______ in financial year 2021-22.
As per the Economic Survey of India 2020-21, India is expected to have a Current Account Surplus of ______ GDP in FY21.
