ele ted s 23.19
savings, credit, insurance, business is based on the principle of trust and
services and technical support provided creditworthiness of poor with both,
to the needy borrower. The thrust of the obligatory and voluntary saving schemes.
MF initiative is to channelise production The Foundation for Development
and consumption credit in multiple doses Cooperation (FDC) of Australia evolved
based on the absorption capacity of the a research project, The Banking with
prospective borrower. The presumption
the Poor (BWTP) network to link
here is that the borrowers possess basic
microfinance institutions with formal
financial literacy and requisite capacity to
operate their self-determined economic
ventures profitably. The formal existence 25. (a) The stand of the GoI on crypto-currencies
of MF was found in 1972. A charity has been already made clear by the RBI.
based model (interest free loans where It was re-emphasised in the Union Budget
repayment was based on peer pressure) 2018-19 also when the Government
of MF was evolved in Ireland. Later on, announced to take all measures to
in Germany, a thrift-based model was eliminate use of such currencies in
developed with establishment of saving financing illegitimate activities or as part
funds. Bangladesh Grameen model of the payment system.
1. Which one is the correct equation for (c) A self-service window for buying rail
India’s NNP at market prices? and platform tickets.
(a) Total GVA at basic prices + (d) None of the above.
Production taxes (less Production
subsidies) 3. Consider the following statements related
(b) CE + MI + CFC + Product taxes + to the Central Sales Tax (CST) and the
Production taxes (less Product and VAT (Value Added Tax).
Production subsidies) 1. CST is a destination-based tax of the
(c) Total GVA at basic prices + Product Centre while VAT is an origin-based
and Production taxes (less all tax of the states.
2. CST is inconsistent with VAT.
(d) CE + MI + CFC + Product taxes (less
Product subsidies) 3. CST is a cascading-type tax not
rebatable against the VAT.
2. Which of the following is correct about
‘Coach Mitra’ recently in news— Select the correct statement/statements
(a) A single window interface proposed using the code given below:
by the Indian Railways to register all (a) Only 1
coach related complaints and needs.
(b) 1 and 2
(b) An ‘app’ based service system to help
rail passengers to avail entertainment (c) Only 3
and internet on the go. (d) 1, 2 and 3