Current Affairs

GK MCQs Section

Page-35 of GS-III: Economy & Economic Development

What are the recommendations made by the task force on direct tax code on dividend distribution tax?

The new Direct Tax Code seeks to replace the existing Income Tax Act. The task force on direct tax code (DTC) has recommended abolishing of dividend distribution tax...

September 16, 2023

Do you think that RBI needs to set up a special liquidity window for NBFCs as the sector is in dire need of a shakeup? Comment.

The latest stability report by RBI has stated that the financial system of the country is largely stable as the main issue of bad loans has been arrested....

September 15, 2023

Why there has been an increase in number of job seekers in India?

There has been an increase in the number of job seekers in India because of the following reasons: Due to increasing population, the size of labour supply in...

September 14, 2023

Do you think as per the international standards, GST which has taken two years to stabilise has really done well in terms of revenue yield? Comment.

GST, when launched in India, was a game-changer reform aimed at boosting revenue and also bringing lasting changes to the indirect tax regime of India and also bring...

September 11, 2023

How does SEZ concept help investors in India? Enumerate the features of the Special Economic Zones (Amendment) Bill, 2019.

SEZ are set up under Special Economic Zones Act, 2005.These are as duty free enclaves to be treated as foreign territory. SEZ are allowed for manufacturing, trading and...

September 11, 2023

What measures have been taken by the government to tackle spike in onion prices?

To tackle the increasing price of onions the government has taken measures such as imposing of a minimum export price (MEP) of $850/tonne, followed by a central team...

September 9, 2023

The Jet Airways case has takeaways for the bankruptcy code as well as for other airlines. Comment.

It has been two months since Jet has stopped all flight operations. The lenders to the Jet Airways have finally decided to take it to the National Company...

September 8, 2023

What steps can the government make to make the PDS distribution more effective?

India is all set to take a leap forward in PDS with the introduction of One Nation, One Ration Card Scheme. The government must keep three considerations in...

September 8, 2023

What are the hurdles faced by the Finance Ministers of India in keeping the fiscal deficit below 3-4 percent of the GDP? Suggest steps to lower the fiscal deficit.

The difference between total revenue and total expenditure of the government is termed as fiscal deficit. The last half of the 90s has indicated higher fiscal deficit and...

September 7, 2023

How is Indian government going to fix the issues which are stippling its Indian Airline industry?

The Civil Aviation Ministry has recognised the fact that the domestic carriers need to be given a level playing field. After the Jet Airways was grounded there were...

September 7, 2023

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