Jan. 8 2014 quiz

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  • Question 1: Import duty on refined edible oil to go up to 10% from the existing?Import duty on refined edible oil to go up to 10% from the existing?
  • Explanation:The Cabinet Committee on Economic Affairs, CCEA has given its nod to the hike. Food Minister K V Thomas told this to reporters in New Delhi this evening. The move is expected to fetch 600 crore rupees revenue to the government. The Cabinet Committee on Economic Affairs, CCEA has given its nod to the hike. Food Minister K V Thomas told this to reporters in New Delhi this evening. The move is expected to fetch 600 crore rupees revenue to the government.
  • Question 2: World Bank to provide assistance of__ for U’khand Disaster Recovery Project?World Bank to provide assistance of__ for U’khand Disaster Recovery Project?
  • Explanation:The objective of the project is to restore housing, rural connectivity and build resilience of communities in Uttarakhand. The objective of the project is to restore housing, rural connectivity and build resilience of communities in Uttarakhand.
  • Question 3: Incom Tax Dept. has decided to withdrew tax-exemption given to four cricket associations. Which of the following is not one of them? Incom Tax Dept. has decided to withdrew tax-exemption given to four cricket associations. Which of the following is not one of them?
  • Explanation:These associations are Saurastra Cricket Association, Baroda Cricket Association, Kerala Cricket Association and Maharastra Cricket Association. The tax authorities found that these cricket associations were engaged in certain activities which were considThese associations are Saurastra Cricket Association, Baroda Cricket Association, Kerala Cricket Association and Maharastra Cricket Association. The tax authorities found that these cricket associations were engaged in certain activities which were consid
  • Question 4: RBI has allowed Non-Banking Financial Companies, NBFCs to lend up to___ of the value of gold? RBI has allowed Non-Banking Financial Companies, NBFCs to lend up to___ of the value of gold?
  • Explanation:Reserve Bank of India has allowed Non-Banking Financial Companies, NBFCs to lend up to 75 per cent of the value of gold. It was 60 per cent earlier.Reserve Bank of India has allowed Non-Banking Financial Companies, NBFCs to lend up to 75 per cent of the value of gold. It was 60 per cent earlier.
  • Question 5: With which country India is planning to conclude the revision of the double taxation avoidance pact? With which country India is planning to conclude the revision of the double taxation avoidance pact?
  • Explanation:India and South Korea have agreed to make efforts to expeditiously conclude the revision of the double taxation avoidance pact after reviewing their positions on major pending issues.India and South Korea have agreed to make efforts to expeditiously conclude the revision of the double taxation avoidance pact after reviewing their positions on major pending issues.
  • Question 6: Government of India has just introduced Know India Programme for...?Government of India has just introduced Know India Programme for...?
  • Explanation:The Government has introduced a programme named “Know India Programme” for young persons of Overseas IndianThe Government has introduced a programme named “Know India Programme” for young persons of Overseas Indian
  • Question 7: Which Indian startup company has been just acquired by Facebook for $15 million?Which Indian startup company has been just acquired by Facebook for $15 million?
  • Explanation:Facebook has acquired Bengaluru-based Little Eye Labs for 90 crore rupees. It is the first Indian and the third Asian company to be acquired by Facebook. Facebook has acquired Bengaluru-based Little Eye Labs for 90 crore rupees. It is the first Indian and the third Asian company to be acquired by Facebook.
  • Question 8: Which two states have just launched anti-corruption helpline for citizens?Which two states have just launched anti-corruption helpline for citizens?
  • Explanation:Delhi Chief Minister Arvind Kejriwal launched a helpline number 011-27357169 on 8 January 2014. Delhi Chief Minister Arvind Kejriwal launched a helpline number 011-27357169 on 8 January 2014.
  • Question 9: Govt. is planning to Implement YSS during 12th Plan. What is YSS? Govt. is planning to Implement YSS during 12th Plan. What is YSS?
  • Explanation:Cabinet Committee on Economic Affairs has approved the continuation of the Mill Gate Price Scheme (MGPS) along with 10 percent subsidy component with modificationsCabinet Committee on Economic Affairs has approved the continuation of the Mill Gate Price Scheme (MGPS) along with 10 percent subsidy component with modifications
  • Question 10: Govt. has given its approval for introduction of the National Youth Policy-2014, it will replace...?Govt. has given its approval for introduction of the National Youth Policy-2014, it will replace...?
  • Explanation:The vision of NYP-2014 is to empower youth to achieve their full potential, and through them enable India to find its rightful place in the community of nations.The vision of NYP-2014 is to empower youth to achieve their full potential, and through them enable India to find its rightful place in the community of nations.