Which of the following two organizations are parts of TIWB (Tax Inspectors Without Borders)?
- A.United Nations Development Programme (UNDP) and Association of Southeast Asian Nations (ASEAN)
- B.Organization for Economic Cooperation and Development (OECD) and ASEAN
- C.UNDP and Organization for Economic Cooperation and Development (OECD)
- D.International Labour Organization (ILO) and ASEAN
Correct answer
Explanation
The correct answer is C, UNDP and OECD. Tax Inspectors Without Borders is a joint initiative of the United Nations Development Programme and the Organisation for Economic Co-operation and Development.
TIWB was launched in July 2015 at the Third International Conference on Financing for Development in Addis Ababa. It sends experienced tax auditors to work alongside officials of developing countries on real audit cases, mainly involving multinational companies and transfer pricing, so that these countries learn by doing and collect more of the tax owed to them. The secretariat is shared by the OECD in Paris and UNDP in New York, and India has supplied experts to TIWB programmes in other countries.
A is wrong because ASEAN, the Southeast Asian regional grouping, is not a partner of TIWB. B is wrong because it pairs the OECD with ASEAN instead of UNDP. D is wrong because neither the ILO, which deals with labour standards, nor ASEAN runs TIWB.
Exam tip: TIWB = OECD + UNDP, launched 2015 at Addis Ababa, to build tax audit capacity in developing countries.
Practice Questions
View allConsider the following statements about 'Ude Desh ka Aam Nagrik (UDAN)' scheme :
1. It is an innovative scheme to develop the regional aviation market.
2. It creates affordability yet economically viable and profitable flight on regional routes.
Which of the statements given above is/are correct?
- A.1 only
- B.2 only
- C.Both 1 and 2
- D.Neither 1 nor 2
Show answer
UDAN is the regional connectivity scheme meant to grow regional air travel and make it affordable while keeping the routes viable for airlines.
Read the full explanation →Which one of the following Five-Year Plan documents was titled as "Towards Faster and More Inclusive Growth"?
- A.Eighth Plan
- B.Ninth Plan
- C.Tenth Plan
- D.Eleventh Plan
Show answer
The Eleventh Five-Year Plan (2007–2012) carried the title "Towards Faster and More Inclusive Growth". The Eleventh Plan was prepared by the Planning Commission under Prime Minister Manmohan Singh, with Montek Singh Ahluwalia as Deputy Chairman.
Read the full explanation →The Fourteenth Finance Commission assigned different weights to the following parameters for distribution of tax proceeds to the States :
1. Income distance
2. Population
3. Demographic changes
4. Area
Arrange the aforesaid parameters in descending order in terms of their weights.
- A.1-2-3-4
- B.1-2-4-3
- C.1-3-2-4
- D.4-3-2-1
Show answer
Income distance had the highest weight, followed by population, area and demographic change. The Fourteenth Finance Commission, chaired by Y.V.
Read the full explanation →Which one of the following statements for a firm's equilibrium in Perfect Competition is not correct ?
- A.The market price must be greater or equal to average variable cost in the short run.
- B.The market price must be equal to marginal cost.
- C.The market price must be equal to average cost in the long run.
- D.The marginal cost decreases at the equilibrium output.
Show answer
This statement is not correct, because at the equilibrium of a competitive firm marginal cost must be rising. A firm in perfect competition is a price taker, so the price it gets equals its marginal revenue.
Read the full explanation →Plan allocation in agriculture and irrigation as percentage of total plan outlay was highest in :
- A.Seventh Five-Year Plan
- B.Third Five-Year Plan
- C.First Five-Year Plan
- D.Second Five-Year Plan
Show answer
The First Plan (1951 to 1956) gave agriculture, community development and irrigation about a third of its outlay, the highest share in any Indian plan.
Read the full explanation →