Current Affairs Questions - 1

1. The govt has referred the issue of minimum alternate tax (MAT) on foreign institutional investors (FIIs) to a committee which will be headed by

• 1) SB Sinha 
• 2) AP Shah
• 3) AR Lakshmanan 
• 4) DK Jain
• 5) None of these 

Ans: (2)

2. India has moved up 13 notches on a global list of countries in terms of their travel and tourism competitiveness. What is its current position in this regard globally?

• 1) 48th 
• 2) 45th
• 3) 52nd 
• 4) 28th
• 5) 17th 

Ans: (3)

3. The global automatic information exchange system, which is aimed at curbing the menace of black money globally, will come into effect in

• 1) 2016 
• 2) 2017
• 3) 2018 
• 4) 2019
• 5) None of these 

Ans: (2)

4. DBS Bank has applied to the Reserve Bank of India (RBI) to convert its branches into a wholly-owned subsidiary (WOS). The bank is based in

• 1) Switzerland 
• 2) Singapore
• 3) UK 
• 4) Sweden
• 5) Germany 

Ans: (2)

5. The Lok Sabha on 7 May passed the Juvenile Justice (Care and Protection of Children) Bill. Now, juveniles as young as ______ can be tried under laws for adults for heinous crimes.

• 1) 14 years 
• 2) 15 years
• 3) 16 years 
• 4) 17 years
• 5) None of these

Ans: (3)

6. The govt on 12 May named new governors for six states. Which of the following is NOT correct in this regard?

• 1) JP Rajkhowa: Arunachal Pradesh 
• 2) Lt Gen (retd) Nirbhay Sharma: Mizoram
• 3) Syed Ahmed: Manipur 
• 4) V Shanmuganathan: Meghalaya
• 5) None of these 

Ans: (5)

7. The Supreme Court on 13 May restrained the Centre and state govts from publishing pictures of ministers, CMs and presidents of ruling parties in govt advertisements. Only pictures of the ________ would be published in govt advertisements.

• 1) Chief Justice of India 
• 2) PM
• 3) President 
• 4) All the above
• 5) Only 2) and 3) 

Ans: (4)

8. The Asian Development Bank (ADB) on 7 May inked a pact with India to provide a loan worth USD 31 million for sustainable water resource management in river basins in

• 1) Rajasthan 
• 2) Madhya Pradesh
• 3) Assam 
• 4) Karnataka
• 5) Maharashtra 

Ans: (4)

9. Mothers Day is observed every year on the

• 1) last Sunday of Apr 
• 2) first Sunday of May
• 3) second Sunday of May 
• 4) last Sunday of May
• 5) None of these 

Ans: (3)

10. As promised by the Union Finance Minister, the losses incurred by the states due to implementation of Goods and Services Tax (GST) will be fully compensated for

• 1) two years 
• 2) three years
• 3) four years 
• 4) five years
• 5) ten years 

Ans: (4)

11. PM Narendra Modi began his three-day China sojourn from which of the following Chinese cities on 14 May?

• 1) Nanjing 
• 2) Xining
• 3) Xian 
• 4) Taiyuan
• 5) Jinan

Ans: (3)

12. The proposed Goods and Services Tax (GST) will subsume which of the following taxes?

• 1) Excise duty 
• 2) Services Tax
• 3) State VAT 
• 4) Entry Tax
• 5) All the above 

Ans: (5)

13. The biennial Travel & Tourism Competitiveness Index (TTCI) 2015 released recently by the World Economic Forum (WEF) is topped by

• 1) Australia 
• 2) Switzerland
• 3) Germany 
• 4) France
• 5) Spain 

Ans: (5)

14.. The cabinet on 13 May cleared a proposal for 10 per cent and 5 per cent disinvestment in _________ and _______ respectively.

• 1) Indian Oil Corp, NTPC 
• 2) ONGC, NTPC
• 3) SAIL, Indian Oil Corp 
• 4) SAIL, NTPC
• 5) None of these 

Ans: (1)

15. As informed by the govt to the Lok Sabha on 7 May, the Polavaram multipurpose project is likely to displace over 1.88 lakh people in the state of

• 1) Andhra Pradesh 
• 2) Karnataka
• 3) Kerala 
• 4) Goa
• 5) None of these 

Ans: (1)