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UPSC Economics Business and Foreign Trade / व्यापार और विदेश व्यापार Question Bank Fiscal and Monetary Policy

  • question_answer
          Which of the following precautions has to be taken by a country going for foreign aid?
    1. Keeping foreign aid strings-free
    2. Keeping the borrowing level low so that country does not fall in a debt trap

    A) 1 only              

    B)        2 only

    C) Both 1 and 2      

    D)       Neither 1 nor 2

    Correct Answer: C

    Solution :

    A country going for foreign aid has to take several precautions. However two major precautions are: Keeping the borrowing level low so that country does not fall in a debt trap; and Keeping foreign aid strings-free


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