January

Question 1

“One nation, One tax” is?

Answer 1

Goods and Services Tax(GST)

Question 2

What is the constitutional status of GST

Answer 2

Article 279A

Question 3

Exemptions under GST

Answer 3

1. Customs duty
2. Petroleum
3. Tobacco
4. Excise duty on liquor
5. Stamp duty
6. Electricity taxes

Question 4

“Sin” in gst compensation cess includes:

Answer 4

1. SUVs
2. Pan masala
3. Cigarettes

Question 5

Independent regulator to oversee the auditing profession and accounting standards in India is

Answer 5

NFRA- National Financial Reporting Authority

Question 6

Powers of NFRA

Answer 6

1. Investigation - professional or other misconduct by CAs
   2.Legal- Civil court

Question 7

Regulatory body for securities and commodity markets in India is

Answer 7

SEBI- Securities and Exchange Board of India

Question 8

SEBI operates under which Ministry

Answer 8

Ministry of Finance

Question 9

The Securities Appellate Tribunal (SAT) is to adjudicate and resolve appeals arising from decisions by which 3?

Answer 9

SEBI
IRDAI
PFRDA

Question 10

Regulatory framework for Infrastructure Investment trusts(InVits) is provided by

Answer 10

SEBI

Question 11

What are REITs

Answer 11

Real estate investment trusts

Question 12

What is a mule?

Answer 12

An individual who engages in the transfer of funds from their bank account to another or withdraws cash to handover to someone else.

Question 13

What kind of bank account serves as a tool for money laundering activities

Answer 13

Mule account

Question 14

Gastronomy is related to

Answer 14

Food

Question 15

The UNESCO Creative cities network encompasses how 7 creative fields, which are?

Answer 15

1. Crafts and folk arts
2. Media arts
3. Film
4. Design
5. Gastronomy
6. Literature
7. Music

Question 16

Which SDG targets sustainable cities and communities

Answer 16

SDG 11

Question 17

Kozhikode and Gwalior were added to the Indian cities list of UCCN for which creative fields respectively?

Answer 17

Literature and Music

Question 18

What are ETFs?

Answer 18

Exchange-traded funds

Question 19

Wholesale Price index

Answer 19

Measures alterationss in prices of goods, EXCLUDING SERVICES, traded in large quantities

Question 20

WPI is released by?

Answer 20

Office of Economic Advisor( Ministry of Commerce and Industry)

Question 21

CPI is released by?

Answer 21

National statistics office(NSO)

Question 22

Which country is recognized for its “Golden Visas”

Answer 22

Cyprus

Question 23

Which is the third largest and most populous Mediterranean island nation?

Answer 23

Cyprus

Question 24

Expand CECA

Answer 24

Comprehensive Economic cooperation agreement

Question 25

CEPA

Answer 25

Comprehensive Economic Partnership Agreement

Question 26

FTA

Answer 26

Free trade agreement - Negative list

Question 27

PTA

Answer 27

Preferential trade agreement- Positive list

Question 28

What is the one-time retrospective tax on unintended profit due to external events like war called?

Answer 28

Windfall Tax

Question 29

What are engineered products /fibres with specific functionalities like agrotech and Geotech called?

Answer 29

Technical Textiles

Question 30

National Technical Textile mission comes under which Ministry?

Answer 30

Ministry of Textiles