Internationalization of Rupee is a process that involves increasing use of the local currency in cross-border transactions. Which of the following will be the benefits of internationalization of Rupee?

1. Reduced foreign exchange reserves requirement
2. Lower transaction costs of cross-border investment
3. Removing the requirement of a domestic monetary policy
4. Increased bargaining power in international trade

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Recently, the Competition Commission of India (CCI) has imposed a provisional penalty of Rs 1,337.76 crore ($162 million) on Google. With reference to CCI, consider the following statements:

1. The Commission consists of one Chairperson and up to six other Members who are appointed by the Central Government.
2. The commission has been constituted under the Competition Act 2002 which prohibits abuse of dominant position by enterprises.
3. The commission can direct any enterprise to discontinue abuse of dominant position and can impose penalty on the enterprise.

Which of the statements given above is/are correct?

Pakistan has been delisted from the ‘grey list’ of the Financial Action Task Force (FATF) after four years. With reference to the FATF’s grey list, which of the following statements are correct?

1. The countries under grey list have to comply with certain conditions laid down by the FATF, failing which they run the risk of being black listed.
2. When a jurisdiction is placed under increased monitoring (grey list), it means the country has committed to resolve swiftly the identified strategic deficiencies within agreed timeframes.
3. Grey listing has no impact on international funding to the country concerned.

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With reference to the Foreign Contribution Regulation Act (FCRA), which of the following statements are correct?

1. The Act prohibits the receipt of foreign funds by candidates for elections, journalists, and media broadcast companies.
2. The Ministry of Home Affairs has the power to suspend an NGO’s registration for 180 days pending inquiry and can freeze its funds.
3. The FCRA license can be cancelled if in the opinion of the Central Government, it is necessary in the public interest to cancel the certificate.

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With reference to Forest (Conservation) Rules, 2022, which of the following statements is/are correct?

1. These rules have been framed under the provisions of the Wildlife (Protection) Act, 1972.
2. The rules require the constitution of a project screening committee in each state/Union Territory for an initial review of proposals involving diversion of forest land.

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