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Current Affairs Quiz (05-Apl-2017)

Quiz (Apl-05-2017)

1.What are the GST related laws which were passed by the Lok Sabha on 29th March 2017 marking a major step towards the rollout of the single national tax on July 1, 2017?

a) Central Goods and Services Tax Bill, 2017
b) Integrated Goods and Services Tax Bill, 2017
c) Goods and Services Tax (Compensation to States) Bill, 2017
d) Union Territory Goods and Services Tax Bill, 2017

A) a & b is the correct answer
B) a & d is the correct answer
C) a, b & c is the correct answer
D) a, b, c & d is the correct answer


2.What are the tax slabs which will be there after the GST regime on 1st July 2017?

a) 5%
b) 12%
c) 18%
d) 20%

A) a & b is the correct answer
B) a & d is the correct answer
C) a, b & c is the correct answer
D) a, b & d is the correct answer


3.What is the estimated total potential of renewable energy in the country, according to Energy Statistics2017?

a) 11, 00,000 MW
b) 11, 50,000 MW
c) 11, 75,798 MW
d) 11, 98,586 MW

A) a is the correct answer
B) b is the correct answer
C) c is the correct answer
D) d is the correct answer


4.What is the import duty which the government has imposed on wheat and tur or arhar dal (pigeon pea) with immediate effect- move which is aimed at protecting interests of farmers as pricing of pulses fell below the minimum support price(MSP) across key producing states?

a) 8%
b) 10%
c) 12%
d) 14%

A) a is the correct answer
B) b is the correct answer
C) c is the correct answer
D) None of the above


5.Name the state in which the High Court banned mining across the state for four months?

a) Uttarakhand
b) Himachal Pradesh
c) Chhattisgarh
d) Jharkhand

A) d is the correct answer
B) a is the correct answer
C) c is the correct answer
D) b is the correct answer


6.Who recently became the highest paid celebrity in India?

a) M.S.Dhoni
b) Virat Kohli
c) Amitabh Bachhan
d) Shahrukh Khan

A) a is the correct answer
B) b is the correct answer
C) c is the correct answer
D) d is the correct answer


7.What is the income up to which individuals can file income tax return in the one page ITR Form-1(Sahaj) introduced from FY 2017-18?

a) Rs.30 lakhs
b) Rs.40 lakhs
c) Rs.50 lakhs
d) Rs.60 lakhs

A) a is the correct answer
B) b is the correct answer
C) c is the correct answer
D) d is the correct answer


8.What are the major inclusions in Income Tax Return (ITR) forms for FY 2017-18 notified recently?

a) Aadhar Number
b) Details of land sale during demonetization
c) Details of land sale during demonetization
d) None of the above

A) a & d is the correct answer
B) b & c is the correct answer
C) a & c is the correct answer
D) a, b & c is the correct answer


9.What are the only categories that have been granted exemption from electronically filing of income tax returns?

a) Senior citizens of age 60 years or more
b) Senior citizens of age 80 years or more
c) Individuals or HUF with income of less than Rs.5 lakh and no refund
d) Individuals or HUF with income of less than Rs.10 lakh and no refund

A) a & b is the correct answer
B) b & c is the correct answer
C) a & c is the correct answer
D) a & d is the correct answer


10.What is the distance across national and state highways, within which the sale of liquor has been banned across the country?

a) 500
b) 600
c) 700
d) 800

A) a is the correct answer
B) b is the correct answer
C) c is the correct answer
D) d is the correct answer