Current Affairs Quiz: February 21, 2020
February 21, 2020 May 21, 2021
1. What is the corpus of the dedicated fund raised from the fines charged from the defaulting pesticides companies and contributions from the Central and state governments under the Pesticides Management Bill, 2020?
[A] Rs. 20,000 Crore
[B] Rs. 40,000 Crore
[C] Rs. 50,000 Crore
[D] Rs. 100,000 Crore
Show Answer
Correct Answer: C [Rs. 50,000 Crore]
Notes:
Bill moots setting up a dedicated fund of Rs 50,000 crore, raised from the fines charged from the defaulting pesticides companies and contributions from the Central and state governments.
2. Which all three items are not under GST as of February 2020?
[A] Fuel, Construction, Alcohol
[B] Fuel, Movie Tickets, Alcohol
[C] Fuel, Tobacco, Alcohol
[D] Fuel, Dairy Products, Tobacco
Show Answer
Correct Answer: A [Fuel, Construction, Alcohol]
Notes:
As of now, fuel, construction, alcohol are out of GST. GST on movie tickets is based on slabs, with 18% GST for tickets that cost less than Rs. 100 and 28% GST on tickets costing more than Rs.100. The rate on under- construction property booking is 12%. Some industries and products were exempted by the government and remain untaxed under GST, such as dairy products, products of milling industries, fresh vegetables & fruits, meat products, and other groceries and necessities.
3. Under the GST regime, E-Way bill is mandatory of the value of inter-state movement of goods is more than __?
[A] Rs. 50,000
[B] Rs. 100,000
[C] Rs. 200,000
[D] Rs. 250,000
Show Answer
Correct Answer: A [Rs. 50,000]
Notes:
An e-Way Bill is an electronic permit for shipping goods any another similar to a waybill. It was made compulsory for inter-state transport of goods from 1 June 2018. It is required to be generated for every inter-state movement of goods beyond 10 kilometers and the threshold limit of ₹50,000.
4. What is the highest income tax rate slab in India after Budget 2020-21?
[A] 25%
[B] 30%
[C] 35%
[D] 40%
Show Answer
Correct Answer: B [30%]
Notes:
Highest income tax rate is 30% for income above 15,00,000.
5. A paramilitary Sufi group called Ahlu Sunna Waljama, which is recently in news, is fighting with radical islamist group in Civil War of which country?
[A] Sudan
[B] Somalia
[C] Syria
[D] South Sudan
Show Answer
Correct Answer: B [Somalia]
Notes:
Ahlu Sunna Waljama’a is a Sufi paramilitary group of Somalia. It is formed by moderates who are opposed to radical islamist Al-Shabaab group. The civil war in Somalia is basically the fight between these two groups.
The above 5 questions are part of Daily Current Affairs 20 MCQs Series in GKToday Android Application. This series can be subscribed in the app only for Rs. 799/- for entire year.
Download Now
