Current Affairs - 2 February 2017
The share of direct taxes in India’s tax kitty peaked in 2009-10 at 60% and thereafter, it has consistently fallen. Which of the following is the most appropriate reason for the same?
Correct Answer: C
Answer Explanation:
In 1996, the share of direct taxes was around 29% and it was at its peak at 60% in 2009-10. Thereafter it has fallen mainly because of rise of “service tax” collections in the country. Service Tax is an indirect tax.
In 1996, the share of direct taxes was around 29% and it was at its peak at 60% in 2009-10. Thereafter it has fallen mainly because of rise of “service tax” collections in the country. Service Tax is an indirect tax.
Apart from efforts towards economic integration across the region, which of the following African organizations has also served as a peacekeeping force sending joint military forces in the times of political unrest?
Correct Answer: B
Answer Explanation:
ECOWAS was recently making news for sending peacekeeping troops to Gambia in January 2017. It is a 15 member community of western African countries that makes efforts towards not only economic integration but also peace keeping during times of political unrest.
ECOWAS was recently making news for sending peacekeeping troops to Gambia in January 2017. It is a 15 member community of western African countries that makes efforts towards not only economic integration but also peace keeping during times of political unrest.
What is PfKelch13 C580Y, that was recently making news?
Correct Answer: B
Answer Explanation:
PfKelch13 C580Y is a mutant of P. falciparum Kelch13. It was recently making news as a potential Malaria superbug spreading in Cambodia, Laos, Thailand and Myanmar.
PfKelch13 C580Y is a mutant of P. falciparum Kelch13. It was recently making news as a potential Malaria superbug spreading in Cambodia, Laos, Thailand and Myanmar.
The Government of India has decided to allow commercial mining by private companies recently. In which year, coal mining was nationalized in India for the first time?
Correct Answer: A
Answer Explanation:
Coking coal mines was first nationalized in 1971. In 1973, all non-coking coal mines were nationalized and thus coal India got monopoly over coal mining in the country.
Coking coal mines was first nationalized in 1971. In 1973, all non-coking coal mines were nationalized and thus coal India got monopoly over coal mining in the country.
Which of the following statements is / are correct with respect to Carbon Credits?
1. Certified Emission Reduction (CER) certificate is an titlement of Carbon Credits
2. Transfer of carbon credits is taxable in India
Select the correct option from the codes given below:
1. Certified Emission Reduction (CER) certificate is an titlement of Carbon Credits
2. Transfer of carbon credits is taxable in India
Select the correct option from the codes given below:
Correct Answer: C
Answer Explanation:
The Finance Bill 2017 has proposed to levy a tax of 10% on income earned on transfer of carbon credits. Carbon credits are an incentive given to an industrial undertaking for reduction in emission of GHGs (green house gases), including carbon dioxide, which is done through several ways such as by switching over to wind and solar energy, or installation of energy-efficient machinery. The Kyoto Protocol commits certain developed countries to reduce their GHG emissions, and for this they will be given carbon credits. A reduction in emissions entitles the entity to a credit in the form of a Certified Emission Reduction (CER) certificate. The CER is tradeable and its holder can transfer it to an entity that needs carbon credits to overcome an unfavourable position on the same. Many Indian companies hold such CERs.
The Finance Bill 2017 has proposed to levy a tax of 10% on income earned on transfer of carbon credits. Carbon credits are an incentive given to an industrial undertaking for reduction in emission of GHGs (green house gases), including carbon dioxide, which is done through several ways such as by switching over to wind and solar energy, or installation of energy-efficient machinery. The Kyoto Protocol commits certain developed countries to reduce their GHG emissions, and for this they will be given carbon credits. A reduction in emissions entitles the entity to a credit in the form of a Certified Emission Reduction (CER) certificate. The CER is tradeable and its holder can transfer it to an entity that needs carbon credits to overcome an unfavourable position on the same. Many Indian companies hold such CERs.
Which of the following is / are correct statements with respect to Motion of Thanks in Indian Parliament?
A failure to get motion of thanks passed amounts to defeat of government and leads to collapse of government.
1. Motion of Thanks is deemed to be a no-confidence motion.
2. Select the correct option from the codes given below:
A failure to get motion of thanks passed amounts to defeat of government and leads to collapse of government.
1. Motion of Thanks is deemed to be a no-confidence motion.
2. Select the correct option from the codes given below:
Correct Answer: C
Answer Explanation:
Both are correct statements.
Both are correct statements.
In terms of IT jargon, a “Daemon” represents__:
Correct Answer: B
Answer Explanation:
Daemon stands for disk and execution monitor (daemon) which is a background process run to perform admin changes or monitor services.
Daemon stands for disk and execution monitor (daemon) which is a background process run to perform admin changes or monitor services.
Which of the following is the key motivation for scientific community for its efforts to create metallic hydrogen?
Correct Answer: C
Answer Explanation:
Metallic hydrogen can act as a high temperature superconductor. This implies that it can conduct electricity at room temperature without resistance and thus can help in making electricity distribution more efficient.
Metallic hydrogen can act as a high temperature superconductor. This implies that it can conduct electricity at room temperature without resistance and thus can help in making electricity distribution more efficient.