Daily Prelims Practice Questions:-
1)An ‘Advance Pricing Agreement’, signed by the Central Board of Direct Taxes, relates to
(a) Retrospective Taxation
(b) Transfer Pricing
(c) Personal Income Tax
(d) Initial Public Offerings
2)Consider the following statements:
1. India is yet to sign the U.N. Convention Against Torture
2. The Law Commission of India has recommended that India frame a standalone anti-torture law
Which of the statements given above is/are correct?
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2
3)The Gulf of Aqaba separates
(a) Yemen and Djibouti
(b) Jakarta and Sumatra
(c) Madagascar and Mozambique
(d) Sinai Peninsula and Saudi Arabia
Indian Brain Template:- In National Brain Research Centre (NBRC) Haryana, a group of scientists is preparing a oneofitskind database of brain images that, when compiled together, could result in a so called Indian Brain Template (IBT).
This archetype, to be constructed from a composite of Magnetic Resonance Imaging (MRI) scans from 150 adult Indians, will likely include at least one person from every State and Union Territory.
Several countries, including China, South Korea and Canada, have brain templates of their population.
The IBT is funded by the Department of Science and Technology.
2)Kaziranga Rhinoceros Population census:- Kaziranga’s iconic onehorned rhino population has risen by 12 individuals.
Kaziranga is in Assam.
3)M.P. raises retirement age for govt. employees to 62 years:- Madhya Pradesh Chief Minister Shivraj Singh Chouhan on Friday announced raising the retirement age of State government employees to 62 years from the current 60 years.
4)Who is a karmapa:- The Karmapa is the head of the Karma Kagyu school, one of the four main schools of Tibetan Buddhism and is based in Dharamsala.
Then Remember Rumtek monastery is in East Sikkim.
Tawang Monastery is in Arunachal Pradesh.
Urgyen Trinley Dorje, the 17th Gyalwang Karmapa
5)60 MW Naitwar Mori Hydro Electric Project in Uttarkashi(Uttarakhand) has been inaugurated.
The project on Tons river to give 265.5 Million Units of renewable energy to grid and cut CO2 emissions by 0.21 Million Tons annually
6)Pradhan Mantri Rojgar Protsahan Yojana (PMRPY):- PMRPY has been in operation since August 2016.
Under it, Government is paying 8.33% contribution of Employers to Employees’ Pension Scheme (EPS) in respect of new employees (joined on or after 1st April 2016) having new Universal Account Number (UAN), with salary up to Rs. 15,000/- per month.
The scheme has dual benefit i.e. it incentivize employers for increasing employment base of workers establishments and enables large number of workers to find jobs in such establishments.
7)China’s defunct space lab hurtling towards earth:- China’s defunct and reportedly out-of-control Tiangong 1 space station is expected to re-enter Earth’s atmosphere sometime this weekend.
It poses only a slight risk to people and property on the ground, since most of the bussize, 8.5tonne vehicle is expected to burn up on re-entry, although space agencies don’t know exactly when or where that will happen.
8)LTCG tax:- Long term capital gains Tax This Tax will be levied on sale of shares exceeding Rs. 1 Lakh at the rate of 10%.
It will begin from April,1 2018.
Also tax proposals like reduced corporate tax of 25% on businesses on turnover of up to ₹ 250 Crore will start from 1st April 2018.
1)An ‘Advance Pricing Agreement’, signed by the Central Board of Direct Taxes, relates to
(a) Retrospective Taxation
(b) Transfer Pricing
(c) Personal Income Tax
(d) Initial Public Offerings
2)Consider the following statements:
1. India is yet to sign the U.N. Convention Against Torture
2. The Law Commission of India has recommended that India frame a standalone anti-torture law
Which of the statements given above is/are correct?
a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2
3)The Gulf of Aqaba separates
(a) Yemen and Djibouti
(b) Jakarta and Sumatra
(c) Madagascar and Mozambique
(d) Sinai Peninsula and Saudi Arabia
Indian Brain Template:- In National Brain Research Centre (NBRC) Haryana, a group of scientists is preparing a oneofitskind database of brain images that, when compiled together, could result in a so called Indian Brain Template (IBT).
This archetype, to be constructed from a composite of Magnetic Resonance Imaging (MRI) scans from 150 adult Indians, will likely include at least one person from every State and Union Territory.
Several countries, including China, South Korea and Canada, have brain templates of their population.
The IBT is funded by the Department of Science and Technology.
2)Kaziranga Rhinoceros Population census:- Kaziranga’s iconic onehorned rhino population has risen by 12 individuals.
Kaziranga is in Assam.
3)M.P. raises retirement age for govt. employees to 62 years:- Madhya Pradesh Chief Minister Shivraj Singh Chouhan on Friday announced raising the retirement age of State government employees to 62 years from the current 60 years.
4)Who is a karmapa:- The Karmapa is the head of the Karma Kagyu school, one of the four main schools of Tibetan Buddhism and is based in Dharamsala.
Then Remember Rumtek monastery is in East Sikkim.
Tawang Monastery is in Arunachal Pradesh.
Urgyen Trinley Dorje, the 17th Gyalwang Karmapa
5)60 MW Naitwar Mori Hydro Electric Project in Uttarkashi(Uttarakhand) has been inaugurated.
The project on Tons river to give 265.5 Million Units of renewable energy to grid and cut CO2 emissions by 0.21 Million Tons annually
6)Pradhan Mantri Rojgar Protsahan Yojana (PMRPY):- PMRPY has been in operation since August 2016.
Under it, Government is paying 8.33% contribution of Employers to Employees’ Pension Scheme (EPS) in respect of new employees (joined on or after 1st April 2016) having new Universal Account Number (UAN), with salary up to Rs. 15,000/- per month.
The scheme has dual benefit i.e. it incentivize employers for increasing employment base of workers establishments and enables large number of workers to find jobs in such establishments.
7)China’s defunct space lab hurtling towards earth:- China’s defunct and reportedly out-of-control Tiangong 1 space station is expected to re-enter Earth’s atmosphere sometime this weekend.
It poses only a slight risk to people and property on the ground, since most of the bussize, 8.5tonne vehicle is expected to burn up on re-entry, although space agencies don’t know exactly when or where that will happen.
8)LTCG tax:- Long term capital gains Tax This Tax will be levied on sale of shares exceeding Rs. 1 Lakh at the rate of 10%.
It will begin from April,1 2018.
Also tax proposals like reduced corporate tax of 25% on businesses on turnover of up to ₹ 250 Crore will start from 1st April 2018.
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