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2nd January 2023 (8 Topics)

2nd January 2023

QUIZ - 2nd January 2023

5 Questions

5 Minutes

Mains Question:

Question: “In recent times bad loans have been one of the major issues in the Indian Economy”. In the light of this statement, discuss how Bad Banks had played a significant role in handling the bad loans and challenges faced by them with suitable examples.

Question Mapping

  • Subject: Economy (GS-III)
    • Sub-topic: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment
  • Introductionwith what are bad loans and what is its current status in the Indian Economy.
  • Explain the Bad banks and how they help in resolution of the bad loans in India.
  • Highlight the challenges faced by bad banks in the resolution of the bad loans with suitable examples.
  • Conclude with the impact of bad loans in the livelihoods and their resolution in maintaining a healthy economy.

Editorials

Context:

There is some level of certainty about the emergence of an Asian-centric century but India must prepare itself for the harsh headwinds of the geo-political contestations.

Asian century and (multi)polarity

  • Multipolar Asia: There are two possibilities, one is a multipolar world with Russia, China, Japan, India and the other is a China-dominated Asia.
  • Multipolarity and India’s interest: It can serve India’s interest only if it is underpinned by international law, premised upon respect for the sovereignty and territorial integrity of all countries.
  • Dollar-based trade: Although it is facing serious challenges from Russia and its Asian partners China, Iran, Turkey, India, etc. it will be a matter of concern if the arrangements shift to Yuan.
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