[Solutions]
Q.1 Benami Transactions Amendment bill defines a benami transaction as such a property transactions where:
1. The transaction is made in a fictitious name
2. The person providing the consideration for the property is not traceable
Identify the correct statement:
a) 1 only
b) 2 only
c) 1 and 2
d) None of these
Ans: c) You can refer this article : Click here
Q.2 Which among the following changes have been recently made in the GST bill?
a) Removal of 1% additional tax levy by manufacturing state
b) Introduction 0f 75% compensation to states for 5 years
c) Keeping petroleum products out of the purview
d) Both (a) and (b)
Ans: a) There is an Introduction 0f 100% compensation to states for 5 years and not 75%.
Petroleum products were kept outside the purview from the beginning itself as a part of the original bill, this is not a change.
Q.3 Consider the following statements regarding Compensatory Afforestation Fund bill:
1. The bill seeks to establish Compensatory Afforestation, Management and Planning Authority (CAMPA) at both the national as well as the state level
2. The bill provides that CAMPA will manage the funds with the help of local people and tribal communities
Identify the incorrect statement:
a) 1 only
b) 2 only
c) 1 and 2 only
d) None of these
Ans: a) One of the major criticisms against the bill is that the management and afforestation relies completely on bureaucracy and there is no networking with the local communities involved. Hence Statement 2 is incorrect.
Q.4 Which of the following factors can attribute to India’s growth in the near future?
1. Good and uniformly distributed monsoonal rainfall
2. Fall in Consumer Price Index
Identify the correct statement:
a) 1 only
b) 2 only
c) Both 1 and 2
d) None of these
Ans: c) Good rainfall means better crop production which will push up agriculture growth and hence the overall growth. Fall in CPI means less inflation which again is a positive growth factor.
Q.5 Deficient Rainfall Impact Parameter (DRIP) index has been prepared by:
a) ICAR
b) Ministry of Earth Sciences
c) Crisil
d) None of these
Ans: c) Self Explanatory
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