Insights Revision Through MCQs – 07 October 2019

Consider the following statements wrt “Public Finance Management System (PFMS) portal”

1. PFMS is a platform for e-payment of subsidy under DBT to both Aadhar based & Non- Aadhar based bank accounts through NPCI
2. It is managed by the Department of Revenue(MoF)
3. This system uses a web-enabled application developed in the office of Controller General of Accounts

Select  the correct answer using the code  given below.

Recently Information Fusion Centre has been in news sometimes related to

Which of the following statements are true?

1. higher the GDP, the more  tax a nation  collects
2. Tax revenue includes income taxes & social Security contributions
3. Developing nations typically have higher tax-to-GDP ratios, while those of developed nations tend to be lower
4. India’s low low tax-to-GDP ratio due to low direct tax base and an unorganised sector

Select  the correct answer using the code  given below.

Consider the following statements wrt ‘State Finance Management in India’

1. In India, states spend one-and-a-half times more  than the Union government
2. In India, most states met the fiscal deficit target not by increasing their revenues but by reducing their expenditure

Select  the correct answer using the code  given below.

Which of the following statements are not true about Geotail?

1. It is a region in the space, exists as a result of the interactions between the Earth and moon
2. Once every 29 days, the Earth traverses the geotail  for about six days

Select  the correct answer using the code  given below.

Recently “MOSAiC” has been in news sometimes related to

Which of the following statements are true?

1. In India Fire crackers are completely banned
2. In India, manufacturing of crackers regulated by PESO
3. Green cracker, STAR eliminates usage of Potassium nitrate  and sulphur.
4. SAFAL has less usage of aluminum as compared to commercial crackers. Select  the correct answer using the code  given below.

Financial Action Task Force (FATF) is an inter-governmental body established on the initiative of

Which of the following are correctly matched?

1. Chattogram – Bangla desh
2. Port of Mongla – Sri Lanka
3. Feni River – Bhutan

Select  the correct answer using the code  given below.

Consider the following Nuclear power plants:

Nuclear power plant                           Location

1. Tarapur                                        Andhra Pradesh
2. Rawatbhata                                Rajasthan
3. Kaiga                                           Karnataka
4. Narora                                          Gujarat

Which of the above  pairs are correctly matched?