QUIZ – 2017: Insights Current Affairs Quiz, 24 May 2017

Solution: d.

The same question was posted here a few months ago.

“In terms of the Global Competitiveness Index (GCI) prepared by World Economic Forum for 138 countries, India ranked 39 in 2016-17, as compared to India’s rank in GCI of 60 (among 148 countries) in 2013-14.”

PIB: Key achievements of DEA;

Solution: b.

Which are the commodities proposed to be kept outside the purview of GST?

• Article 366(12A) of the Constitution as amended by 101st Constitutional Amendment Act, 2016 defines the Goods and Services tax (GST) as a tax on supply of goods or services or both, except supply of alcoholic liquor for human consumption. So alcohol for human consumption is kept out of GST by way of definition of GST in constitution.
• Five petroleum products viz. petroleum crude, motor spirit (petrol), high speed diesel, natural gas and aviation turbine fuel have temporarily been kept out and GST Council shall decide the date from which they shall be included in GST.
• Furthermore, electricity has been kept out of GST.

CBEC FAQs on GST;

TH: The GST train chugs along;

Solution: c

From TH Archives: Nasser blocks Gulf of Aqaba;

Solution: d.

The negotiations for the FTA, officially known as the Regional Comprehensive Economic Partnership (RCEP), started in November 2012. It includes the 10 ASEAN member States and six nations that have existing FTAs with ASEAN – India, China, Australia, New Zealand, Japan and South Korea.

TH: RCEP – India upset over slow progress on services talks;

Solution: d.

Chapter ‘NHRC’, Indian Polity by M Laxmikanth;

Improvisation: TH: NHRC fiat on Maoists drafting children;