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EconomyMedium

Who represents India as its Governor at the Board of Governors of the AIIB?

  1. A.The Governor of the Reserve Bank of India
  2. B.The Union Finance Minister
  3. C.The Union Commerce and Industry Minister
  4. D.The Vice-Chairman of NITI Aayog

Correct answer

B. The Union Finance Minister

Explanation

The correct answer is the Union Finance Minister. At the annual meeting of the AIIB Board of Governors the Union Minister for Finance and Corporate Affairs attends as India's Governor to the bank, and on this occasion she also leads a delegation of Ministry of Finance officials. Option A is wrong because the Governor of the Reserve Bank of India heads the central bank and is not the person who occupies India's seat on this board. Option C is wrong because the Commerce and Industry portfolio handles trade and industrial policy rather than representation at this bank. Option D is wrong because NITI Aayog is a policy think tank of the government and has no such representative role. Candidates should also note the bilateral meetings planned with the AIIB President and with counterparts from Jordan, Switzerland, Algeria, Saudi Arabia and Nepal.

Read the full article: AIIB Annual Meeting: Sitharaman on Three-Day Qatar Visit

Practice Questions

Q1.EconomyMedium

India holds which position among the shareholders of the Asian Infrastructure Investment Bank (AIIB)?

  1. A.Largest shareholder
  2. B.Second largest shareholder
  3. C.Third largest shareholder
  4. D.Fifth largest shareholder
Show answer
Correct answer: B. Second largest shareholder

India is the second largest shareholder of the Asian Infrastructure Investment Bank, and the Union Finance Minister attends the annual meeting of its Board of Governors as India's Governor to the bank in that capacity.

Q4.EconomyMedium

Which scheme of the MSME Ministry handholds SC/ST micro and small enterprises for public procurement?

  1. A.National SC-ST Hub Scheme
  2. B.Prime Minister's Employment Generation Programme
  3. C.Credit Guarantee Fund Trust for Micro and Small Enterprises
  4. D.Udyam Registration
Show answer
Correct answer: A. National SC-ST Hub Scheme

The Joint Secretary told the round table that the promotion and handholding done under this scheme has steadily raised the share of SC/ST micro and small enterprises in public procurement, and the scheme's field offices are the ones being asked to coordinate more closely with the Government e-Marketplace and with…

Q5.EconomyMedium

Under the Government's Public Procurement Policy, what share of procurement is mandated from SC/ST micro and small enterprises?

  1. A.3 per cent
  2. B.4 per cent
  3. C.20 per cent
  4. D.25 per cent
Show answer
Correct answer: B. 4 per cent

The round table with Central Public Sector Enterprises was convened precisely to monitor how far they have met the mandated four per cent sourcing from micro and small enterprises owned by Scheduled Caste and Scheduled Tribe entrepreneurs.