Daily UPSC Current Quiz : 14 March 2025

In the context of the Indian economy, how does Foreign Portfolio Investment (FPI) differ from Foreign Direct Investment (FDI)?

The term “Washington Consensus,” which has been in the news lately regarding its “dismantling,” originally advocated for which of the following?

1. Tax reform to broaden the tax base and lower marginal rates.

2. State-led strategic subsidies for domestic high-tech manufacturing.

3. Liberalization of inward Foreign Direct Investment (FDI).

4. Privatization of state-owned enterprises.

Select the correct answer using the code given below:

Which of the following factors constitute “Global Headwinds” for India’s macroeconomic stability in 2026?

1. Escalating geopolitical tensions in the Persian Gulf affecting energy prices.

2. Tightening of monetary policy by the US Federal Reserve leading to capital outflows.

3. The rise of manufacturing overcapacity in major trading partners.

Select the correct answer using the code given below:

With reference to the “TVPRA List” published by the United States, consider the following statements:

1. It is a list of goods produced by child labor or forced labor in violation of international standards.

2. The list is published by the World Trade Organization (WTO) as part of its dispute settlement mechanism.

3. Being on this list can be used as a legal justification by the US to initiate Section 301 investigations and impose trade tariffs.

Which of the statements given above is/are correct?