The 10 PM Daily Quiz – 7 may, 2016

Hi Friends,

Starting Monday, March 28, 2016 We are taking up a new initiatives for Prelims 2016 . We will be posting a 7-10 Questions Quiz based on 9 PM Brief, on a daily basis.

The purpose of these is to enable practise on a daily level for you to prepare Current Affairs for Civil Services Prelims Examination. This questions will be moderate level and it is expected of you solve these questions with decent overview of 9 PM Brief

Please type your answers in the comments below .

Note : Answers to the quiz will be posted one day later.

Q.1) The Income Declaration Scheme offers people with undisclosed income to declare it by paying a penal tax rate of what %  on such income?

a) 50 %
b) 45%
c) 40%
d) 70%

Q.2) Recently “Swiss Challenge” was in news, it refers to

a) A form of public procurement
b) Challenge faced by developing nations like India to bring back the black money
c) It is a challenge faced by Switzerland political parties to get access to European Union membership.
d)  It deals with problems faced by the tax havens

Q.3) Regional Connectivity Fund is related to which of the following sectors?

a) Railways
b) Road
c) Airport
d) Seaways

Q.4) Consider the following statements regarding GDP deflator

1. The GDP deflator is the ratio of real GDP to nominal GDP in country.
2. While the GDP deflator reflects the prices of goods, it does not account for the quantities of goods for the economy.
   

Select the correct answer using the codes given below:

a) 1 only
b) 2 only
c) Both are correct
d) Neither is true

Q.5) Consider the following statement

1) Best growing conditions for palm trees exist in a small band around the Tropical region.

2) India and China are the largest producer of palm oil.

Select the correct answer from the codes given below

a) 1 only
b) 2 only
c) Both
d) None

Q.6) Consider the following statement

1) Palm oil has been declared as a plantation crop in India.

2) 100 per cent FDI is allowed in oil palm plantation.

Select the correct answer from the codes given below

a) 1 only
b) 2 only
c) Both
d) None

Q.7) Consider the following statement

1. The Purpose of the National Investment and Infrastructure Fund (NIIF) fund was to receive disinvestment proceeds of central public sector enterprises.
2. Objective of NIIF would be to maximize economic impact mainly through infrastructure development in commercially viable projects, both greenfield and brownfield, including stalled projects.

Select the correct answer from the codes given below

a) 1 only
b) 2 only
c) Both
d) None