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The following Quiz is based on the Hindu, PIB and other news sources. It is a current events based quiz. Solving these questions will help retain both concepts and facts relevant to UPSC IAS civil services exam.
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Question 1 of 5
1. Question
1 pointsWhich of the following taxes are considered as Direct taxes?
- Personal Income Tax
- Minimum Alternate Tax
- Corporation Tax
- Securities Transaction Tax
- Value-added tax
Select the correct answer code:
Correct
Solution: b)
India’s net direct tax collections in 2022-23 surpassed the ₹11-lakh crore mark by December 17, reflecting a 19.8% uptick over last year. The net direct tax collection of ₹11,35,754 crore includes Corporation Tax (CIT) at ₹6,06,679 crore (net of refund) and Personal Income Tax, including Securities Transaction Tax at ₹5,26,477 crore.
MAT or Minimum Alternate Tax is a provision in Direct tax laws to limit tax exemptions availed by companies, so that they mandatorily pay a minimum amount of tax to the government.
VAT is an indirect tax.
Incorrect
Solution: b)
India’s net direct tax collections in 2022-23 surpassed the ₹11-lakh crore mark by December 17, reflecting a 19.8% uptick over last year. The net direct tax collection of ₹11,35,754 crore includes Corporation Tax (CIT) at ₹6,06,679 crore (net of refund) and Personal Income Tax, including Securities Transaction Tax at ₹5,26,477 crore.
MAT or Minimum Alternate Tax is a provision in Direct tax laws to limit tax exemptions availed by companies, so that they mandatorily pay a minimum amount of tax to the government.
VAT is an indirect tax.
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Question 2 of 5
2. Question
1 pointsConsider the following statements.
- The National Farmers Day in India is celebrated to honour the 2nd Prime Minister of India Lal Bahadur Shastri.
- The slogan Jai Jawan Jai Kisan was introduced by Lal Bahadur Shastri.
- In India, Agriculture, including agricultural education and research comes under the State list in the 7th schedule of the Constitution.
Which of the above statements is/are correct?
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Question 3 of 5
3. Question
1 pointsBhasha Samman awards are given by the Sahitya Akademi. Which of the following statements best describes the Bhasha Samman awards?
Correct
Solution: c)
Bhasha Samman awards will be given to scholars who have done valuable work in the field of classical and medieval literature.
Incorrect
Solution: c)
Bhasha Samman awards will be given to scholars who have done valuable work in the field of classical and medieval literature.
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Question 4 of 5
4. Question
1 pointsConsider the following statements.
- According to the Seventh Schedule of the Constitution of India, alcohol is a Concurrent subject.
- The Directive Principles of State Policy (DPSP) mentions about the prohibition of the consumption of intoxicating drinks except for medicinal purposes.
- More than 10 states in India has total prohibition of sale of alcohol.
Which of the above statements is/are correct?
Correct
Solution: b)
One of the Directive Principles of State Policy (DPSP) mentions that “in particular, the State shall endeavour to bring about prohibition of the consumption except for medicinal purposes of intoxicating drinks and of drugs which are injurious to health.”
However, according to the Seventh Schedule of the Constitution, alcohol is a state subject, i.e. state legislatures have the right and responsibility to draft laws regarding it, including “the production, manufacture, possession, transport, purchase and sale of intoxicating liquors.”
All states have some regulations with regards to alcohol consumption and sale (like age requirements or dry days). Currently, there are five states with total prohibition and some more with partial prohibition.
Incorrect
Solution: b)
One of the Directive Principles of State Policy (DPSP) mentions that “in particular, the State shall endeavour to bring about prohibition of the consumption except for medicinal purposes of intoxicating drinks and of drugs which are injurious to health.”
However, according to the Seventh Schedule of the Constitution, alcohol is a state subject, i.e. state legislatures have the right and responsibility to draft laws regarding it, including “the production, manufacture, possession, transport, purchase and sale of intoxicating liquors.”
All states have some regulations with regards to alcohol consumption and sale (like age requirements or dry days). Currently, there are five states with total prohibition and some more with partial prohibition.
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Question 5 of 5
5. Question
1 pointsConsider the following statements.
- Article 246A states that, the Parliament and the Legislature of every State, have power to make laws with respect to the goods and services tax (GST).
- Integrated Goods and Services Tax (IGST) is in the legislative domain of the Union government.
Which of the above statements is/are incorrect?
Correct
Solution: d)
246A – (1) Notwithstanding anything contained in articles 246 and 254, Parliament, and, subject to clause (2), the Legislature of every State, have power to make laws with respect to goods and services tax imposed by the Union or by such State. (2) Parliament has exclusive power to make laws with respect to goods and services tax where the supply of goods, or of services, or both takes place in the course of inter-State trade or commerce.
Incorrect
Solution: d)
246A – (1) Notwithstanding anything contained in articles 246 and 254, Parliament, and, subject to clause (2), the Legislature of every State, have power to make laws with respect to goods and services tax imposed by the Union or by such State. (2) Parliament has exclusive power to make laws with respect to goods and services tax where the supply of goods, or of services, or both takes place in the course of inter-State trade or commerce.
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