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Which of the following statements is/are Incorrect about a Bond?

A

A bond is an instrument to borrow money and a bond could be floated/issued by a country’s government or by a company to raise funds.

B

The government bonds come with the sovereign’s guarantee and are considered one of the safest investments.

C

The yield of a bond is the effective rate of return that it earns and this rate of return is not fixed, as it changes with the price of the bond.

D

None of the above

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Which of the following statements is/are correct about the Central Board of Direct Taxes (CBDT)? 1. It is a constitutional authority functioning under the Ministry of Trade and Commerce. 2. CBDT provides essential inputs for policy and planning of direct taxes in India, at the same time it is als...

A

1 only

B

2 only

C

Both 1 and 2

D

Neither 1 nor 2

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Recently, a government-appointed task force submitted its report on the new Direct Tax Code, which seeks to replace the existing Income Tax Act, the task was headed by which of the following dignitary?

A

Akhilesh Ranjan

B

Urjit Patel

C

M Sathiyavathy

D

Kishore Tiwari

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Recently, the Reserve Bank of India (RBI) released the final ‘enabling framework for regulatory sandbox,’. With reference to this identify which of the following statement(s) is/are correct? 1. The framework will likely be a positive step for financial technology start-ups and companies looki...

A

1 and 2 only

B

2 and 3 only

C

1 and 3 only

D

1, 2 and 3

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Which of the following statement(s) is/are correct about the Market Intervention Price Scheme (MIS) which was in news recently? 1. MIS is a price support mechanism implemented on the request of State Governments for procurement of perishable and horticultural commodities in the event of a fall in ...

A

1 and 2 only

B

1 and 3 only

C

2 and 3 only

D

1, 2 and 3

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Recently, the Central Board of Direct Taxes (CBDT) said it had entered into 26 advance pricing agreements (APAs) in the first five months of the current financial year. With reference to this identify which of the following statement(s) is/are correct about APAs? 1. An advance pricing agreement (A...

A

1 only

B

2 only

C

Both 1 and 2

D

Neither 1 nor 2

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Which of the following statements is/are correct about the Minimum Alternate Tax or MAT? 1. MAT is a tax provision reintroduced in 1997 in an attempt to bring zero tax-high-profits companies into the income tax net 2. Recently, the Finance Minister Scrapped the MAT for companies which will be estab...

A

1 only

B

2 only

C

Both 1 and 2

D

Neither 1 nor 2

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Which of the following statement(s) is/are correct about the Angel Tax which was in news recently? 1. Angel Tax is levied on the companies which avail exemptions and various tax incentives. 2. The tax was introduced in the 2012 Union Budget by then finance minister Pranab Mukherjee to arrest lau...

A

1 only

B

2 only

C

Both 1 and 2

D

Neither 1 nor 2

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Recently, the Securities and Exchange Board of India (SEBI) constituted a working group on Social Stock Exchanges (SSE). With reference to this identify which of the following statement(s) is/are correct about the Social Stock Exchanges (SSE)? 1. A social stock exchange, broadly, is understood as ...

A

1 only

B

2 only

C

Both 1 and 2

D

Neither 1 nor 2

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Which of the following statement(s) is/are correct about the Secondary Market for Corporate Loans in India? 1. The secondary market for loans can be an important mechanism for credit intermediaries to manage credit risk and liquidity risk on their balance-sheets, especially for distressed assets. ...

A

1 only

B

2 only

C

Both 1 and 2

D

Neither 1 nor 2

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Which of the following statement(s) is/are correct about the RBI Clampdown on Punjab and Maharashtra Co-operative (PMC)? 1. The RBI has imposed restrictions on Punjab and Maharashtra Cooperative Bank Limited, and depositors will be not be allowed to withdraw over 1,000 from the bank. 2. PMC also wi...

A

1 and 2 only

B

1 and 3 only

C

2 and 3 only

D

1, 2 and 3

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According to the recent reports, the GDP growth rate of the Indian economy has slipped to 5 per cent in the first quarter of FY20. With reference to this identify which of the following are the major factor contributing to India's Slowing Domestic Demand? 1. Weak growth in rural and urban income 2....

A

1 and 2 only

B

1, 2 and 3 only

C

2 and 3 only

D

1, 2, 3 and 4

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Consider the following statements about the recently issued ordinance by the Government of India on Corporate Tax Cuts and related initiatives: 1. The government has slashed the corporate income tax rate from 40 percent to 30 percent for all companies, including for...

A

1 and 2 only

B

2 and 3 only

C

1 and 3 only

D

1, 2 and 3

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Which of the following statement(s) is/are correct about the recent RBI decision on Monetary Transmission? 1. The Reserve Bank of India (RBI) has made it mandatory for banks to link all floating personal or retail loans to external benchmark from October 1. 2. External Benchmark of RBI refers to t...

A

1 only

B

2 only

C

Both 1 and 2

D

Neither 1 nor 2

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Recently, the Reserve Bank of India shared the report of an Internal Working Group (IWG), which examined the Economic impact of farm loan waivers. With reference to this identify which of the following statement(s) is/are correct about Farm Loan Waivers in India? 1. In the Indian Economy, Farm Loan...

A

1 and 2 only

B

1 and 3 only

C

2 and 3 only

D

1, 2 and 3

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Recently, the US officially labelled China a ‘currency manipulator ‘. With reference to this identify which of the following statement(s) is/are Incorrect? 1. Currency manipulator" is a designation applied by the United States Department of the Treasury, to countries that engage in a certain de...

A

1 only

B

2 only

C

Both 1 and 2

D

Neither 1 nor 2

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Which of the following statement(s) is/are correct about the “Advisory Board for Banking Frauds” (ABBF) which was recently constituted? 1. The ABBF has been set up by the RBI based on the recommendation of the Urjit Patel Committee to conduct investigations on banking fraud. 2. State-run banks...

A

1 only

B

2 only

C

Both 1 and 2

D

Neither 1 nor 2

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Which of the following were the major central taxes subsumed by the Goods and Services Tax (GST)? 1. Service Tax 2. Additional Customs Duty commonly known as Countervailing Duty 3. Entertainment Tax 4. Luxury tax countries that engage in a certain degree of currency intervention. Select the corr...

A

1 only

B

1 and 2 only

C

1, 2 and 3 only

D

1, 2, 3 and 4

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The Union Cabinet recently decided to further liberalize foreign direct investment (FDI) rules in India. With reference to this identify which of the following statement(s) is/are correct? 1. The government approved 100% foreign direct investment (FDI) under automatic route in digital media. 2. T...

A

1 and 2 only

B

1 and 3 only

C

2 and 3 only

D

1, 2 and 3

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Recently, the Securities and Exchange Board of India (SEBI) has relaxed the regulatory and compliance framework for foreign portfolio investors (FPIs). With reference to this identify which of the following statement(s) is/are correct about FPIs? 1. Foreign portfolio investment (FPI) consists of ...

A

1 only

B

2 only

C

Both 1 and 2

D

Neither 1 nor 2

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Syllabus for UPSC 2020 and Indian Forest Service (Prelims) Examination 2020 by CS(P) Examination 2020 and for UPSC 2020 calendar, get the upsc 2020 strategy and also receive an alert on upsc 2020 noti...
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