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- NABARD on 9th August 2016 sanctioned Rs. 26.06 crore to _____________ for tackling water logging by constructing lift schemes in lowlying areas, village ponds and other allied works.
- AP
- Telangana
- Bihar
- Punjab
- Uttar Pradesh
- Korea Development Bank and _____________ signed MOU to enhance business synergies, which outlines the plan to enhance cooperation in areas including corporate finance, project finance and asset finance.
- On 9 September 2016, RBI instructed banks to accept cash deposits at the counter from people declaring unaccounted wealth under the IDS. In this context, IDS stands for _____________
- Income Deposit Scheme
- Income Disclosure Scheme
- Income Derivative Scheme
- Income Dole Scheme
- Income Declaration Scheme
- Under Income Declaration Scheme (IDS) 2016 who can declare the undisclosed income / Investment in any asset, representing undisclosed income relating to any financial year up to 2015-16?
- Individuals
- HUF
- Association Of Persons (AOP)
- Companies
- All of above
- Declaration made under IDS scheme attract _____________
- Tax @ 30% of undisclosed income.
- Surcharge @ 7.5% of undisclosed income.
- Penalty @ 7.5 % of undisclosed income.
- All of above make the total payment of 45% of the undisclosed income.
- Need not pay any tax / surcharge by the person / entity on undisclosed income.
- Which of the following benefit given to the declarant who declares the undisclosed income under IDS 2016 ?
- No Wealth Tax on assets declared.
- No scrutiny or enquiry under Income-Tax Act in respect of declaration.
- Immunity from prosecution under Income Tax in respect of declaration.
- Immunity from Benami Transactions (Prohibition) Act, subject to transfer of assets by the benamidar to the real owner before 30-9-2017.
- All of above are the benefits avail to the declarant.
- Cabinet Committee on Economic Affairs (CCEA) on 12 September 2016 approved the proposal of the Department of Consumer Affairs (DCA) on enhancing the buffer stock for pulses up to _____________
- 10 lakh tonnes
- 25 lakh tonnes
- 20 lakh tonnes
- 30 lakh tonnes
- 40 lakh tonnes
- Union government issued flexi-fund guide-lines that give more freedom to states in spending money under the Centrally Sponsored Schemes (CSS) to meet local developmental requirements. As per these guidelines, flexi-funds for states in CSS have been increased from the current 10 % to _____________
- 25%
- 20%
- 35%
- 30%
- 50%
- Flexi-funds for each CSS in the case of Union Territories increased from current 10% to _____________
- 30%
- 40%
- 45%
- 50%
- 100%
- Which of the following statement is not one among the guidelines relating to new flexi-fund rules for states under Centrally Sponsored Schemes (CSS)?
- Funds can be spent for local needs and requirements.
- Funds can be used for pilot innovation to improve efficiency.
- Prior permission of Finance commission compulsory.
- Funds can be used to undertake mitiga-tion or restoration activities in case of natural calamities.
- Flexi-fund facility is not for CSS which emanate from a legislation, like MNREGA.
- Fresh guidelines for flexi-fund for CSS approved by Union Cabinet on 3 August 20016 based on the recommendation of the sub-group of Chief Ministers that was set up by _____________
- NITI Aayog
- Finance Commission
- Planning Commission
- CAG
- FSDC
- On 12th September 2016, Union Cabinet approved the creation of the Higher Education Financing Agency (HEFA) to give a major push for creation of high quality infrastructure in premier educational institution with an authorized capital of _____________
- Rs.1000 crores
- Rs.5000 crores
- Rs.10 crores
- Rs.500 crores
- Rs.2000 crores
- HEFA is the joint venture of identified Promoter and the Ministry of Human Resource Development (MHRD). Present HRD Minister Prakash Javadekar repre-senting to Rajyasabha from _____________
- Gujarat
- Maharashtra
- Madhya Pradesh
- UP
- Rajasthan
- Durand Cup (football) 2016 clinched by Army Green by defeating _____________
- Sporting Clube de Goa
- DSK Shivajians
- Gangtok Himalayan SC
- NEROCA FC
- Real Kashmir FC
- Durand Cup founded in _____________
- 1862
- 1916
- 1889
- 1888
- 1869
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