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Q.1) Consider the following statements related to GST bill-
1. The Centre will have one third weight in the GST Council while the states will have the remaining two-thirds and decisions will have to be passed with 75% vote.
2. Petroleum and Alcohol is excluded from GST.
Which of the above statements is/are correct?
A. केवल 1
B. केवल 2
C. दोनों सही हैं
D. इनमे से दोनों गलत हैं
1. The Centre will have one third weight in the GST Council while the states will have the remaining two-thirds and decisions will have to be passed with 75% vote.
2. Petroleum and Alcohol is excluded from GST.
Which of the above statements is/are correct?
A. केवल 1
B. केवल 2
C. दोनों सही हैं
D. इनमे से दोनों गलत हैं
Answer: Option (C)
Answer Description: na
Answer Description: na
Q.2) Consider the following statements related to SEZ -
1. It is a duty free enclave to be treated as foreign territory for the purpose of trade operations and duties and tariffs.
2. The corporation in SEZs will not have to pay any income tax on their profits for the first five years and only 50% of the tax for 2 more years thereafter.
3. A SEZ does not require a license for exports.
Which of the above statements are true?
A. केवल 1 और 2
B. केवल 1
C. केवल 1 और 3
D. तीनो सही हैं
1. It is a duty free enclave to be treated as foreign territory for the purpose of trade operations and duties and tariffs.
2. The corporation in SEZs will not have to pay any income tax on their profits for the first five years and only 50% of the tax for 2 more years thereafter.
3. A SEZ does not require a license for exports.
Which of the above statements are true?
A. केवल 1 और 2
B. केवल 1
C. केवल 1 और 3
D. तीनो सही हैं
Answer: Option (A)
Answer Description: na
Answer Description: na
Q.3) The Centre has recently approved Rs. 1782.44 Crore financial assistance as drought relief for which state?
A. केरल
B. कर्नाटका
C. तेलंगाना
D. तमिलनाडु
A. केरल
B. कर्नाटका
C. तेलंगाना
D. तमिलनाडु
Answer: Option (B)
Answer Description: The Union Government has approved an assistance of Rs. 1782.44 Crore for drought-affected Karnataka on January 5, 2017. The decision was taken during a meeting of the High Level Committee chaired by Home Minister Rajnath Singh.
Answer Description: The Union Government has approved an assistance of Rs. 1782.44 Crore for drought-affected Karnataka on January 5, 2017. The decision was taken during a meeting of the High Level Committee chaired by Home Minister Rajnath Singh.
Q.4) On January 5, 2017, the Union Government imposed anti-dumping duty on imports of jute and its products from which country?
A. नेपाल
B. बंगलादेश
C. A और B
D. म्यांमार
A. नेपाल
B. बंगलादेश
C. A और B
D. म्यांमार
Answer: Option (C)
Answer Description: na
Answer Description: na
Q.5) MAT क्या है -
A. Maximum Alternate Tax
B. Multiple Alternate Tax
C. Minimum Alternate Tax
D. None of the above
A. Maximum Alternate Tax
B. Multiple Alternate Tax
C. Minimum Alternate Tax
D. None of the above
Answer: Option (C)
Answer Description: Minimum Alternate Tax (MAT) is direct tax system levied on companies having large profits and declaring substantial dividends to shareholders but are not paying corporate tax, by taking advantage of the various incentives and exemptions provided in the Income-tax Act.
Answer Description: Minimum Alternate Tax (MAT) is direct tax system levied on companies having large profits and declaring substantial dividends to shareholders but are not paying corporate tax, by taking advantage of the various incentives and exemptions provided in the Income-tax Act.
Q.6) Where is the 10 day Island Tourism Festival 2017 organized?
A. Dadra and Nagar Haveli
B. Lakshadweep
C. Bay of Bengal
D. Andaman and Nicobar
A. Dadra and Nagar Haveli
B. Lakshadweep
C. Bay of Bengal
D. Andaman and Nicobar
Answer: Option (D)
Answer Description: The 2017 Island Tourism Festival began at Port Blair in Andaman and Nicobar Islands on January 6, 2017. The 10-Day Event was inaugurated by the Lieutenant Governor of Island, Jagdish Mukhi at the ITF Ground.
Answer Description: The 2017 Island Tourism Festival began at Port Blair in Andaman and Nicobar Islands on January 6, 2017. The 10-Day Event was inaugurated by the Lieutenant Governor of Island, Jagdish Mukhi at the ITF Ground.
Q.7) How many Indian-Origin innovators has been featured in the 2017 Forbes Super Achievers List?
A. 20
B. 25
C. 30
D. 40
A. 20
B. 25
C. 30
D. 40
Answer: Option (C)
Answer Description: The 30 people listed belong to 20 different industries including healthcare, manufacturing, sports and finance. Forbes List of super achievers under the age of 30 listed 600 people who were passionate to break the status quo and transform the world.
Answer Description: The 30 people listed belong to 20 different industries including healthcare, manufacturing, sports and finance. Forbes List of super achievers under the age of 30 listed 600 people who were passionate to break the status quo and transform the world.
Q.8) Who has been appointed as the new captain of Indian Cricket Team for all three formats of the game?
A. Yuvraj Singh
B. Rishabh Pant
C. महेंद्र सिंह धोनी
D. Virat Kohli
A. Yuvraj Singh
B. Rishabh Pant
C. महेंद्र सिंह धोनी
D. Virat Kohli
Answer: Option (D)
Answer Description: Indian Skipper, Virat Kohli was officially named as the Indian Cricket Team’s New Captain for all the three formats on January 6, 2017 at Mumbai.
Answer Description: Indian Skipper, Virat Kohli was officially named as the Indian Cricket Team’s New Captain for all the three formats on January 6, 2017 at Mumbai.
Q.9) China recently developed its longest bullet train to cover over 2,760 km distance. Name the train -
A. Shangri-la of the World
B. Shenzhen night view
C. Shanghai Maglev Train
D. Kunming-Beijing HSR
A. Shangri-la of the World
B. Shenzhen night view
C. Shanghai Maglev Train
D. Kunming-Beijing HSR
Answer: Option (A)
Answer Description: China on 5 January 2017 launched its longest bullet train named “Shangri-la of the World”. It runs between Kunming, capital of southwest China’s Yunnan Province to Beijing.
Answer Description: China on 5 January 2017 launched its longest bullet train named “Shangri-la of the World”. It runs between Kunming, capital of southwest China’s Yunnan Province to Beijing.
Q.10) Which of the following is part of priority sector lending -
1. Education
2. renewable energy
3. Personal loans
4. social infrastructure
5. Medium enterprises
6. Export Credit
7. Housing
8. Credit cards
A. 1,2,3,4 and 6
B. 1,3,2,4,6,7 and 8
C. 1,2,3,4,5,6,7
D. All are Correct
A. 1,2,3,4 and 6
B. 1,3,2,4,6,7 and 8
C. 1,2,3,4,5,6,7
D. All are Correct
Answer: Option (C)
Answer Description: Note :- All banks have to lend at least 40% of their net credit to the priority sector and Foreign banks with less than 20 branches will move to total priority sector target of 40 percent by 2019-20.
Answer Description: Note :- All banks have to lend at least 40% of their net credit to the priority sector and Foreign banks with less than 20 branches will move to total priority sector target of 40 percent by 2019-20.
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