Sri Lanka's Economic Challenges Quiz

What percentage of Sri Lanka's total debt is from China?

• 5%

• 10%

• 15%

• 20%

Which country is accused of implementing debt trap diplomacy?

• India

• China

• Japan

• USA

What percentage of Sri Lanka's GDP comes from tourism?

• 12%

• 8%

• 10%

• 15%

What was the reason behind Sri Lanka's decision to ban pesticides and fertilizers?

• To follow IMF guidelines

• To promote organic farming

• To increase food production

• To reduce foreign reserve usage

What was the impact of Sri Lanka's decision to ban pesticides and fertilizers?

• Increased food production

• Decreased inflation

• Reduced foreign reserve usage

• Shortage of food and increased prices

What was the main source of income for Sri Lanka that was affected by internal instability in 2019?

• Agriculture

• Manufacturing

• Tourism

• Technology

What was the impact of reducing the VAT tax from 15% to 8% in Sri Lanka?

• Decreased tax collection

• No impact on tax collection

• Increased foreign reserve

• Increased tax collection

What was the reason behind Sri Lanka's decision to take a loan from China for the Hambantota port project?

• China offered the lowest interest rate

• India and US refused to provide a loan

• IMF refused to provide a loan

• China offered a loan without any conditions

What was the outcome of the Hambantota port project in Sri Lanka?

• Successful completion and high revenue generation

• Partial completion and moderate revenue generation

• Delayed completion and low revenue generation

• Complete failure and inability to repay the loan

What was the impact of Sri Lanka's decision to print record-breaking notes despite IMF's refusal?

• Increased foreign reserve

• Decreased inflation

• Stable economy and reduced fiscal deficit

• Increased inflation and economic instability