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In the context of the Reserve Bank of India’s (RBI) operations, what is the primary objective of introducing a “Concessional Foreign Currency Swap Facility” (such as those tied to FCNR(B) deposits)?

Consider the following components included under India’s Capital Account of the Balance of Payments:

1. Foreign Currency Non-Resident Bank [FCNR(B)] deposits

2. External Commercial Borrowings (ECBs)

3. Foreign Portfolio Investment (FPI)

4. Trade in services (software, travel, and transportation)

Which of the above are classified under the Capital Account?

Under the Indian Constitution, the composition, jurisdiction, and powers of the Supreme Court can be altered through which of the following mechanisms?

1. Ordinary legislative enactment by Parliament under the Supreme Court (Number of Judges) Act.

2. Constitutional Amendment Act under Article 368 requiring special majority and state ratification.

3. Presidential orders issued independently without parliamentary intervention.

Select the correct answer using the code given below:

Consider the following statements regarding Constitution Benches of the Supreme Court of India:

1. A Constitution Bench must consist of a minimum of five judges.

2. They are constituted to hear cases involving a “substantial question of law as to the interpretation of the Constitution” under Article 145(3).

3. The power to constitute Constitution Benches and assign cases to them rests exclusively with the President of India on the advice of the Union Cabinet.

Which of the statements given above are correct?