objective questions on current events part 610x10learning.com/wp-content/uploads/2016/06/f-6...the...
TRANSCRIPT
Objective Questions on current events Part 6 2016
10x10learning.com Page 1
401. Which of the following country that adopted GST in 2015, introduced
an anti-profiteering law besides intensifying enforcement through its
National Pricing Council to protect consumers and ensure businesses didn't
take undue advantage of the levy to charge more and make excessive profits.
a) Malaysia
b) Canada
c) Germany
d) China
402. Which of the following states have opposed the scrapping of the
no detention policy till Class 8th because the dropout rates decreased
very significantly after mass promotions were allowed:
a) Goa,
b) Telangana,
c) Karnataka
d) Maharashtra
e) All the above.
403. The impact of Goods and Services Tax on business, are going to
be on multiple fronts. Which of the following is likely to be its
positive impact:
a) Cheaper and more efficient logistics
b) Lower incidence of tax due to removal of cascading of taxes
c) A higher protection from imports
d) More competitive manufacturing and gains from exports.
e) All the above
404. Currently, the quantum of weighted average of indirect taxes on
60% to 70% of goods and services, is :
a) 27% to 32%
b) 20% to 23 %
c) 16% to 19%
d) 10% to 14%
Objective Questions on current events Part 6 2016
10x10learning.com Page 2
405. Inflation based on the consumer price index (CPI) in June, 2016
was
a) 5.77%
b) 6%
c) 4%
d) 4.77%
406. The finance ministry has notified the consumer inflation target for
RBI, until March 31, 2021, at:
a) 4% with an upper tolerance level of 6% and lower limit of 2%
b) 5% with range of plus and minus 2%
c) 3% with range of plus and minus 2%
d) 2% with range of plus and minus 2%
407. There are four specific rights that the Lok Sabha enjoys with
respect to money bill:
a) Article 117 states that a money Bill can only be introduced in
the Lok Sabha,
b) It can be voted upon only in that House,
c) In case of a dispute the Speaker's opinion is final
d) If a money Bill fails, the Lok Sabha has the right to see that the
government falls.
408. Which of the following is correct about `negative interest’ ?
a) The Central Bank of a country resorts to the tactics of ‘negative
interest’, under which rates of interest on money kept with the
bank are very low or is in the negative zone .
b) Through this strategy, the Central Bank discourages commercial
banks from keeping money idle with it. It wants them to withdraw
the money and explore more profitable avenues of earning profits,
thereby lifting national growth.
c) The term came in use after the global financial crisis.
d) Bank of Japan, Danish National Bank, the Swedish Riksbank, the
Swiss National Bank, and the European Central Bank, have all
resorted to negative interest rates since 2014.
Objective Questions on current events Part 6 2016
10x10learning.com Page 3
e) All the above.
409. National Infrastructure Investment Fund (NIIF) proposed in the
national Finance Act, 2015
410. The visual identity of the Rio 2016 Games is inspired by the
harmonic diversity and contagious energy of Brazil’s people and Rio
de Janeiro’s exuberant nature. All the elements were created based on
the brands, allowing for integration and alignment.
Objective Questions on current events Part 6 2016
10x10learning.com Page 4
411. Graphene, a new-generation carbon material hotly pursued by
corporations in search of the next building block for electronic
gadgets and transform processes in the manufacturing sector.
412. In the proposed Goods and Services Tax,(GST), 55 per cent of the
articles are proposed to be exempt from taxation. Which of the
following will be the negative impact of exemptions :
a) Exemptions break the GST chain.
b) They raise the chances of evasion and create systemic
inefficiencies. This defeats the principle of GST.
c) Due to exemptions the GST rate will remain high because GST
will be successful, only when exemptions are kept to the
minimum, and it subsumes all multiple taxes.
d) All the above.
413. As in August, 2016, investment in India is at :
a) 30% of GDP
b) 35% of GDP
c) 40% of GDP
d) 45% of GDP
414. The General Elections of 2014 brought a single party majority win
after :
a) 30 years
b) 35 years
c) 25 years
d) None of the above
415. The National Payments Corporation of India, set up in 2008 is the
backbone of :
a) Inclusive banking
b) Electronic payments,
c) Retail payments
d) All the above
416. The Development and Growth Agenda of the Government of India
is based on :
Objective Questions on current events Part 6 2016
10x10learning.com Page 5
a) Swachh Bharat and Rural electrification schemes
b) Skill India and Make in India,
c) Jan Dhan and Digital India,
d) Direct Benefit Transfer and Aadhaar-linked bank accounts,
e) All the above.
417. The significant financial sector reforms include :
a) Bankruptcy code, which will help banks and companies
redeploy resources locked up in failed projects.
b) Procedural reform to clear imports and exports to boost not just
exports but also investment and manufacture for export.
c) Giving statutory status to the Committee to decide on rate of
inflation
d) All the above
418. In 2016, Assembly Election were held in which of the following :
a) Tamil Nadu and Puducherry,
b) Kerala,
c) Assam
d) Bengal
e) All the above
419. Air pollution status
Objective Questions on current events Part 6 2016
10x10learning.com Page 6
420. National Register of Citizens (NRC) project is :
a) to identify the bona-fide Indian citizens in Assam
b) provide for a fool-proof sealing of the Assam-Bangladesh
border through technological vigil and laser walls over the river
Brahmaputra stretch
c) to publish the final updates on 1st January, 2016.
d) 97% survey has been completed.
e) All the above
421. As in May, 2016, the progress on the sealing of the Assam
Bangladesh border is as follows:
a) Sanctioned length of 224 km out of total of 229 km has been
fenced.
b) 44 km of river stretch over Brahmaputra and other rivers is a
challenge
c) Both the above are correct.
422. Which of the following is correct about global life expectancy ,
between the years 2000 and 2015:
a) Increased by 5 years to become 60 years.
b) Decreased by 5 years to become 55 years.
c) Highest male expectancy is in Switzerland at 81.3 years
d) Highest female expectancy is in Japan with 86.8 years.
e) All the above are correct
423. The life expectancy in 2015 is:
a) 66.9 years for men in India
b) 69.9 years for women in India
c) 69.1 years global average for men
d) 73.8 years global average for women
e) All the above are correct.
424. Tsai Ing-wen has been sworn in as First Lady President of :
a) Taiwan
b) Singapore
Objective Questions on current events Part 6 2016
10x10learning.com Page 7
c) Indonesia
d) Philippines
425. Which of the following can NOT be done by a ‘ payments bank’ :
a) Accept deposits
b) Convey remittances
c) Make payments to recipients
d) Lend money.
426. Under the Companies Act, 2013, special courts were to be set up in
every state to deal with all company related cases where the accused
is charged with offences punishable by imprisonment of at least two
years. Ministry of Corporate Affairs has designated eight courts as ‘
special courts ‘ for the purpose . These are in :
a) Maharashtra, two in union territories.
b) Jammu & Kashmir,
c) Goa and Gujarat,
d) Madhya Pradesh and Bengal
e) All the above.
427. The national icon list includes which of the following names:
a) Tantia Tope
b) Maharana Pratap
c) Bismillah Khan
d) M S Subbalakshmi.
e) All the above
428.
Objective Questions on current events Part 6 2016
10x10learning.com Page 8
429. The first State to achieve total primary literacy in 2016 is
a) Kerala
b) Karnataka
c) Tamil Nadu
d) Nagaland
430.
431. Institute for Economics and Peace (IEP), which produces the
index, The annual index, which measures 23 indicators including
incidents of violent crime, countries' levels of militarisation and
weapons imports, said intensifying conflicts in West Asia were
mostly to blame. But beyond West Asia, the world was actually
becoming more peaceful, researchers behind the index said.
Objective Questions on current events Part 6 2016
10x10learning.com Page 9
432. Government savings in 2015, due to direct benefit transfers:
433. US President Barrack Obama was the first sitting US President to
visit the Hiroshima Peace Memorial Museum in June 2016, after 71
years. In the visitor’s book he wrote “We have known the agony of
war. Let us now find the courage, together, to spread peace, and
pursue a world without nuclear weapons.
434. Currently, about 90 countries mine gold. Among the leading ones,
traditionally, six have been large players. Individually, each of these
countries accounted for at least 5% of world production over the
period 1980-2014...
435.
Objective Questions on current events Part 6 2016
10x10learning.com Page 10
Objective Questions on current events Part 6 2016
10x10learning.com Page 11
436. Calcium carbide, is used to ripen mangoes. It may be carcinogenic
that causes cancer after a few years of use.
437. If global food prices double, then India could lose $49 billion in
GDP and China $161 billion, according to a new UN report that said
the world will likely suffer from more volatile food prices due to
rising populations. Here's a snapshot...
438. India’s first space observatory was put into orbit on 28th
September, 2015.
439. World Economic Forum (WEF) The Geneva-based non-profit
group WEF, the high profile task force would focus on the inclusion
of emerging market economies in the global financial system,
technology enabled innovation and the economic cost-benefit of post
crisis regulatory reforms.
440. Dr. B. R. Ambedkar passed away in the year
a) 1956
b) 1955
c) 1957
d) 1959
Objective Questions on current events Part 6 2016
10x10learning.com Page 12
441. The National Waterways Act, 2015, is path breaking due to :
a) Opens up over 10,000 km of waterways for navigation
b) Opens the huge scope of tourism and river cruises
c) Development of river infrastructure and port links, for use of
rivers for commercial and transport economic
d) All the above
442. On 28th May, 2016 status of parties in power is as follows: BJP 9,
Congress 7, others 13
443. Central Water Commission monitors the country's water situation
keeps a watch on 91major reservoirs that feed hydropower plants and
irrigate fields
444. Unique Identity Authority of India (UIDAI ) Aadhaar has been
given statutory backing, and one-billion Aadhaar numbers already
issued makes it the biggest biometric database in the world. Nearly
Objective Questions on current events Part 6 2016
10x10learning.com Page 13
95% of the adult population has already been covered under the
UIDAI programme.
445. The National Institutional Ranking Framework, introduced in
2016, is for ranking of which of the following:
a) Educational institutions
b) Hospitals
c) Manufacturing sector
d) Hospitality sector.
446. MCLR (marginal cost of lending rate) MCLR is the benchmark for
loans to new customers with effect from April 1, taking over from the
base rate.
447. Measures such as reducing the penal interest on banks for lending
will increase the flow of cash into the banking system and prompt
financial institutions to offer cheaper credit, thus persuading
companies to invest more, create jobs and shore up uncertain
economic growth.
448. VISA rules have been liberalised in 2016, to boost medical tourism
and tourism, and Visa can now be applied online.
Objective Questions on current events Part 6 2016
10x10learning.com Page 14
449. In 2015-16, India’s exports fell for 15 consecutive months but
sectors such as handloom and ready-made garments remained in the
positive. Interest Equalisation Scheme and the Merchandise Exports
from India Scheme (MEIS) was initiated to support declining
exports.
450. Europe Free Trade Association (EFTA) comprises of :
a) Switzerland,
b) Iceland,
c) Norway
d) Liechtenstein.
e) All the above
451. Offshore accounts can be financial tools for more than just the ultra
wealthy, and people use them :
a) to simplify transactions with relatives overseas,
b) or to keep money in places where they travel often
c) or for more distasteful reasons, like to hide money from a soon-
to-be ex-spouse
d) All the above
Objective Questions on current events Part 6 2016
10x10learning.com Page 15
452. A few common reasons, for an individual to legally hold an
offshore account:
1. Family: Immigrants often maintain accounts in their home
country to make things simpler to manage when back
home or to help care for relatives who stay behind.
2. Convenience: There are an estimated 8 million Americans
living abroad. That means there are that many people who
might want easy access to local banks to deposit their
paycheque, pay bills or get cash.
3. Asset protection: Some people move assets offshore to
protect them from a lawsuit, divorce or other attack by a
third party.
4. Business: Small business owners, especially Internet-
based ones, can have customers all around the world, and
they may have little or no operations in the country where
the owners live. These businesses often find it much
simpler and cheaper to incorporate the company abroad
where registration fees or taxes are low.
453. At present, India is party to 16 trade agreements bilateral and with
multi-country organisations and is negotiating 17 trade pacts
including those with the European Union, Australia and Canada.
454. Vidarbha region of Maharashtra is a chronically drought-prone,
region and its water storage system is hopelessly inadequate Yet,
water guzzling crops like sugarcane was introduced, resulting in very
critical situation when monsoons failed for two years. Water is used
most inefficiently and wastefully despite the shortage.
455. New green field ports will be coming up at :
a) Vadhavan, near Dahanu in Maharashtra,
b) Colachal near Kanyakumari in Tamilnadu
Objective Questions on current events Part 6 2016
10x10learning.com Page 16
c) Sagar Island in West Bengal
d) All the above.
456. Unified Payments Interface (UPI) will allow people to send and
receive money across banks just through a single identification
without sharing financial information.
457.
458. Insolvency and Bankruptcy Code, 2015 seeks to bring a host of
regulatory changes to build a robust and faster insolvency resolution
mechanism, including:
a) Setting up of an Insolvency and Bankruptcy Board of India.
b) Employees and workmen will have first right during
liquidation of assets under the law followed by secured
creditors.
c) The key features of the code includes hasten debt recoveries
and restructurings by setting a deadline of 180 days to decide
the fate of a company that defaults.
d) If, however, 75% of creditors agree on a revival plan, that
term can be extended by 90 days.
e) A debtor could be jailed for up to five years for concealing
property or defrauding creditors under the new law.
Objective Questions on current events Part 6 2016
10x10learning.com Page 17
459. Major schemes of the Government
Objective Questions on current events Part 6 2016
10x10learning.com Page 18
460. New Bank for BRICS
461.
462. An international legal framework called the Comprehensive
Convention on International Terrorism, has been developed under the
auspices of :
a) The United Nations
b) The United States of America
Objective Questions on current events Part 6 2016
10x10learning.com Page 19
c) The European Union
d) The ASEAN
463.
464. The Losar Festival, marking the beginning of the Buddhist New
year, is held in the region of :
a) Leh Ladakh
b) Bhutan
c) Sikkim
d) Darjeeling region of Bengal
465. Corn based snacks are gaining popularity because:
a) Have less fat content and zero trans fat
b) They are cheaper
c) They are light in weight and easy to carry
Objective Questions on current events Part 6 2016
10x10learning.com Page 20
d) They are tastier and blend very well with other ingredients.
466. The World Happiness Report is published by:
a) Government of Bhutan
b) Government of Sweden
c) United Nations Sustainable Development Solutions Network
d) There is no such report.
467. The Gross National Happiness Index concept was introduced by
a) Bhutan
b) Sweden
c) United Nations
d) There is no such index
468. As in 2016, Indian has only the Genetic Engineering Appraisal
Committee, under M/o Environment. An independent and science
focussed regulator is needed to make better food technology, become
an integral part of India's food management plan. An independent
regulator was proposed in the Biotechnology Regulatory Authority of
India Bill that is yet to be passed.
469. Black Money (Undisclosed Foreign Income and Assets) and
Imposition of Tax Act, 2015: from July 1, 2015 to December 31,
2015, 644 people disclosed Rs. 4,164 crore and paid the penalty
amount of Rs. 2,428 crore . Under the disclosure scheme, amnesty
was not given by the government in 2016, because :
a) PM Modi had already declared that he would not allow
anyone to indulge in corrupt practices.
b) the previous government had already made a commitment
to the Supreme Court that there would be no amnesty after
the voluntary disclosure scheme of 1997.
Objective Questions on current events Part 6 2016
10x10learning.com Page 21
c) The government after 2014 had a clear majority in the Lok
Sabha, and changed the policy of previous governments that
did not have clear majority.
d) None of the above.
470. Voluntary disclosure scheme is not for those who have received
notices from Income Tax department
471. The total number of tax havens in the world, as in 2016 is:
a) 80
b) 10
c) 2
d) 20
472. P Notes are Participatory Notes that are:
a) Issued by Government of India to raise funds for development
b) Issued by Banks against mortgages
c) Issued by large Business Houses for bulk shares
d) Issued by registered Financial Investment Institutes to overseas
investors who invest in Indian Stocks, without registering
themselves or revealing their identity.
Objective Questions on current events Part 6 2016
10x10learning.com Page 22
473. A Report on `seismic hazard micro zonation of Delhi',
highlighting vulnerability of specific areas in the city has been
brought out in 2016, by :
a) The Ministry of Earth Sciences
b) Ministry of Environment
c) National Disaster Management Authority
d) Ministry of Urban Development
474. FDI in Defence Sector
475. The Reserve Bank of India, stated that the combined fiscal deficit
of the Centre and states was 7.2% of GDP in 2015, which is an
alarming rate for a country with a debt GDP ratio of 67%.
476. Bengal's total debt stock was over 36% of its net domestic product,
the highest among non-special-category states during 2013-14, while
it was lowest in Chhattisgarh at 13%...
Objective Questions on current events Part 6 2016
10x10learning.com Page 23
477. Indian economy , as in 2016, is inter wined with global economy to
the extent that :
a) The correlation has risen from 0.2 to 0.42
b) The correlation has risen from 0.2 to 0.4
c) The correlation has risen from 0.2 to 0.24
d) None of the above
478. The total percentage of registered voters who pay tax is :
a) 4.5%
b) 80%
c) 7.5%
d) 5.4%
479. India’s Fertiliser subsidy accounts for
a) Rs. 73,000 crore
b) Rs 83,000 crore
c) Rs 70,000 crore
d) Rs 80,000 crore
480. The State Assembly Elections of April May 2016, had which of the
following as used / provided for the first time:
Objective Questions on current events Part 6 2016
10x10learning.com Page 24
a) The choice of symbol for NOTA (None of the above)
b) Special polling stations for women
c) Special polling stations for leprosy patients and differently
enabled
d) All the above
481. The Setu Bharatam project envisages construction of 208 new
bridges across all level railway crossings on national highways, and
reconstruction of 1,500 old bridges, by 2019. This project will cost
Rs. 50,800 crore and will ensure road safety.
482. Net neutrality issue: Telecom Regulatory Authority of India (Trai)
had recently weighed in on the side of net neutrality and barred
discriminatory pricing of data services. It has exempted data services
offered on a closed user network, or intranet, from the regulation,
leading to demands for clarification. The decision led Face book to
withdraw its Free Basics programme, which offered free Internet
access to a limited number of websites.
483.
Objective Questions on current events Part 6 2016
10x10learning.com Page 25
484. Delhi Jal Board’s new rules for rainwater harvesting effective from
31st August, 2012
Objective Questions on current events Part 6 2016
10x10learning.com Page 26
485.
486. Place of Effective Management in respect of Multi National
Companies
487. Falling passenger traffic on railways:
Objective Questions on current events Part 6 2016
10x10learning.com Page 27
488.
Objective Questions on current events Part 6 2016
10x10learning.com Page 28
489. Federal Bank of United States of America
Objective Questions on current events Part 6 2016
10x10learning.com Page 29
490. Piracy cases 2010 to 2015
Objective Questions on current events Part 6 2016
10x10learning.com Page 30
491. 26% women are working persons against 53 % working men
Objective Questions on current events Part 6 2016
10x10learning.com Page 31
Objective Questions on current events Part 6 2016
10x10learning.com Page 32
492.
493. Goods and Services Tax is expected to :
Objective Questions on current events Part 6 2016
10x10learning.com Page 33
a) Eliminate cascading prevalent in the current central and state tax
regimes
b) to widen the input tax credit pool
c) a move to the concept of transaction value for supply of goods
and services
d) Increase the compliance requirement for service sector
e) All the above.
494. After the Constitutional Amendment for GST is enacted by 50% of
State legislatures, the Parliament will have to enact the Integrated
GST (IGST) mechanism for transfer of credits to relevant states,
along with Central GST Act. All States will need to enact their State
GST Acts.
495. GST Network (GSTN) is the online system to link the data base on
taxation across the country. GST is to be end to end digital, set to an
Open Application Programming Interface (API) on India’s largest
digital platform. It is based on futuristic technology platform , that
will support seamless interface and operational integration of diverse
business applications.
496. GST is based on the 1971 Nobel Prize winning concepts of :
a) optimal taxes that ought to be zero on all intermediate goods.
b) Avoiding taxes on intermediate inputs to production as these
distort and bias the allocation of factor inputs.
c) Optimal efficiency calls for tax set offs, right along the
production value chain,
d) the indirect taxes should be payable only on the value added at
each stage of output,
e) the final incidence of taxation should be on consumption.
Objective Questions on current events Part 6 2016
10x10learning.com Page 34
497. Malaysia, that adopted GST in 2015, has taken which of the
following precautions:
a) It has established the National Pricing Council
b) It has promulgated an anti profiteering law against excessive
profits
c) It has attempted to prevent the businesses from taking undue
advantage of the levy to charge more
d) All the above.
498. In which of the following way(s) are Digital goods different from
brick and mortar goods:
a) Digital goods do not have tangibility
b) Digital goods are not products of a production process
c) Digital goods cannot be exchange or sold for currency
d) Digital goods cannot be taxed
499. Services differ from goods for the reason that:
a) Services are intangible by nature
b) In services, provisioning and consumption are almost
simultaneous events.
c) Services cannot be stock transferred or stocked.
d) All the above
500. Which of the following are seen as technology of the future :
a) Unified Payment Interface,
b) cloud computing,
c) IP telephony and biometric authentication
d) All the above.