The 'original sin' problem in international finance refers to: MCQ with Answer and Explanation

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The 'original sin' problem in international finance refers to:

A. high domestic debt

B. currency depreciation

C. inability of emerging economies to borrow abroad in their own currency

D. trade deficits

Answer: Option C

Solution (By JKSSB Mock Tests)

Original sin is the inability of emerging economies to borrow abroad in their own domestic currency.

This question belongs to: Economy GK Economy Set 1

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Question #1

In the context of public finance, 'Tax Incidence' refers to:

A. The legal liability to pay the tax

B. The final burden of the tax after shifting

C. The total tax revenue collected

D. The administrative cost of tax collection

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Correct Answer: Option B

Explanation:
Tax incidence refers to the final resting place of the tax burden — who ultimately bears the economic burden of the tax after possible shifting.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'National Food Security Act' was enacted in:

A. 2018

B. 2010

C. 2013

D. 2015

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Correct Answer: Option C

Explanation:
NFSA was enacted in 2013.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Atal Pension Yojana' provides a guaranteed pension ranging from:

A. Rs 500 to Rs 1,000

B. Rs 10,000 to Rs 20,000

C. Rs 5,000 to Rs 10,000

D. Rs 1,000 to Rs 5,000

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Correct Answer: Option D

Explanation:
Atal Pension Yojana provides guaranteed pension from Rs 1,000 to Rs 5,000 per month.

This question belongs to: Economy GK Economy Set 1

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